Nwam LLC Invests $332,000 in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Nwam LLC acquired a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) during the third quarter, Holdings Channel reports. The fund acquired 2,822 shares of the insurance provider’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC purchased a new position in shares of The Hartford Financial Services Group during the 1st quarter worth $278,000. Canada Pension Plan Investment Board raised its stake in shares of The Hartford Financial Services Group by 94.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,017 shares of the insurance provider’s stock valued at $20,097,000 after acquiring an additional 94,717 shares during the period. LRI Investments LLC purchased a new position in shares of The Hartford Financial Services Group during the 1st quarter worth approximately $56,000. SVB Wealth LLC increased its holdings in The Hartford Financial Services Group by 4.1% in the 1st quarter. SVB Wealth LLC now owns 9,774 shares of the insurance provider’s stock valued at $1,007,000 after purchasing an additional 386 shares during the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in The Hartford Financial Services Group in the first quarter valued at approximately $643,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HIG. Keefe, Bruyette & Woods lifted their price objective on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. UBS Group upped their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price target on shares of 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. Finally, Jefferies Financial Group boosted their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and a consensus price target of $120.88.

Insider Activity at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $120.72 on Monday. The company has a market capitalization of $35.00 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.98 and a beta of 0.94. The Hartford Financial Services Group, Inc. has a 52-week low of $76.65 and a 52-week high of $123.23. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $116.81 and a 200 day moving average price of $109.46.

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 given a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 2nd. 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 yield of 1.72%. The Hartford Financial Services Group’s payout ratio is 20.84%.

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.