XTX Topco Ltd Buys 4,297 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

XTX Topco Ltd increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 38.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,369 shares of the insurance provider's stock after buying an additional 4,297 shares during the period. XTX Topco Ltd's holdings in The Hartford Financial Services Group were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zacks Investment Management raised its holdings in shares of The Hartford Financial Services Group by 11.0% in the 3rd quarter. Zacks Investment Management now owns 445,519 shares of the insurance provider's stock valued at $52,398,000 after purchasing an additional 44,046 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in The Hartford Financial Services Group in the third quarter valued at approximately $19,005,000. National Bank of Canada FI lifted its position in shares of The Hartford Financial Services Group by 65.7% in the third quarter. National Bank of Canada FI now owns 170,472 shares of the insurance provider's stock valued at $20,049,000 after buying an additional 67,610 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in shares of The Hartford Financial Services Group by 4.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,855 shares of the insurance provider's stock worth $2,688,000 after acquiring an additional 937 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of The Hartford Financial Services Group by 588.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 17,344 shares of the insurance provider's stock worth $2,040,000 after acquiring an additional 14,825 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Price Performance

NYSE:HIG traded down $1.68 during trading hours on Friday, hitting $119.54. The company's stock had a trading volume of 982,217 shares, compared to its average volume of 1,285,954. 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 company has a market capitalization of $34.65 billion, a P/E ratio of 11.98, a PEG ratio of 0.99 and a beta of 0.95. The Hartford Financial Services Group, Inc. has a twelve month low of $77.82 and a twelve month high of $124.90. The stock has a fifty day simple moving average of $117.86 and a 200-day simple moving average of $110.87.

The Hartford Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from The Hartford Financial Services Group's previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a dividend yield of 1.74%. The Hartford Financial Services Group's payout ratio is 20.84%.

Insider Buying and Selling

In other news, EVP Adin M. Tooker sold 6,865 shares of the business's stock in a transaction dated 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 approximately $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HIG. Barclays assumed coverage on The Hartford Financial Services Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $130.00 price target for the company. Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. BMO Capital Markets upped their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their price objective on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their target price on The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $122.00.

The Hartford Financial Services Group Company Profile

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.