The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,718 shares of the insurance provider’s stock after acquiring an additional 3,576 shares during the period. Crossmark Global Holdings Inc.’s holdings in The Hartford Financial Services Group were worth $6,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont grew its stake in The Hartford Financial Services Group by 27.9% in the 3rd quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 88 shares during the period. Brooklyn Investment Group grew 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 purchasing an additional 94 shares during the period. Catalina Capital Group LLC increased its stake in The Hartford Financial Services Group by 4.3% in the third quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider’s stock valued at $293,000 after purchasing an additional 102 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in The Hartford Financial Services Group by 1.9% during the third quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock worth $661,000 after buying an additional 104 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in The Hartford Financial Services Group by 2.6% in the 3rd quarter. Tectonic Advisors LLC now owns 4,566 shares of the insurance provider’s stock valued at $537,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $111.88 on Wednesday. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.81 and a beta of 0.98. 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 business’s 50 day moving average is $113.92 and its two-hundred day moving average is $112.83. The Hartford Financial Services Group, Inc. has a 52-week low of $85.19 and a 52-week high of $124.90.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.86%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio is 20.84%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

HIG has been the topic of a number of research analyst reports. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $135.00 in a report on Monday, January 6th. UBS Group lifted their price objective 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. BMO Capital Markets raised 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 report on Wednesday, November 27th. Wells Fargo & Company decreased their price objective on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group raised their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.28.

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.