5,618 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by World Investment Advisors LLC

World Investment Advisors LLC bought a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,618 shares of the insurance provider's stock, valued at approximately $661,000.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont grew its holdings in The Hartford Financial Services Group by 27.9% during the 3rd quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider's stock valued at $47,000 after buying an additional 88 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of The Hartford Financial Services Group by 4.0% in the third quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider's stock valued at $287,000 after acquiring an additional 94 shares in the last quarter. Bailard Inc. boosted its stake in shares of The Hartford Financial Services Group by 0.5% during the second quarter. Bailard Inc. now owns 19,378 shares of the insurance provider's stock valued at $1,948,000 after acquiring an additional 101 shares during the last quarter. Catalina Capital Group LLC increased its position in The Hartford Financial Services Group by 4.3% during the 3rd quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider's stock worth $293,000 after purchasing an additional 102 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in The Hartford Financial Services Group by 1.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider's stock valued at $661,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Financial Services Group Stock Down 1.5 %

NYSE HIG traded down $1.68 during trading hours on Tuesday, hitting $109.05. The company had a trading volume of 2,076,550 shares, compared to its average volume of 1,599,963. The firm's 50 day moving average is $117.33 and its 200 day moving average is $111.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a fifty-two week low of $78.33 and a fifty-two week high of $124.90. The company has a market capitalization of $31.61 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 0.93 and a beta of 0.95.

The Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.52 per share. This is a boost from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, December 2nd. The Hartford Financial Services Group's payout ratio is presently 20.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. StockNews.com raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group increased their price target on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Finally, UBS Group upped their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the sale, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.