The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Fmr LLC

Fmr LLC decreased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,880,877 shares of the insurance provider’s stock after selling 381,883 shares during the period. Fmr LLC owned about 4.79% of The Hartford Financial Services Group worth $1,632,530,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HIG. Tidal Investments LLC grew its holdings in The Hartford Financial Services Group by 108.4% in the first quarter. Tidal Investments LLC now owns 19,098 shares of the insurance provider’s stock valued at $1,968,000 after purchasing an additional 9,932 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of The Hartford Financial Services Group by 6,384.1% during the first quarter. Plato Investment Management Ltd now owns 17,961 shares of the insurance provider’s stock valued at $1,851,000 after acquiring an additional 17,684 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of The Hartford Financial Services Group during the first quarter valued at $26,000. Citizens Financial Group Inc. RI boosted its stake in shares of The Hartford Financial Services Group by 7.2% during the first quarter. Citizens Financial Group Inc. RI now owns 5,220 shares of the insurance provider’s stock valued at $538,000 after acquiring an additional 352 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of The Hartford Financial Services Group during the first quarter valued at $2,788,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

The Hartford Financial Services Group stock opened at $122.61 on Wednesday. The company has a market cap of $35.54 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.00 and a beta of 0.94. 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 12 month low of $76.65 and a 12 month high of $123.23. The stock’s 50-day moving average is $117.02 and its 200-day moving average is $109.75.

The Hartford Financial Services Group Increases Dividend

The business also recently announced 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. This is an increase 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 1.70%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is presently 18.84%.

Insider Activity at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’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. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HIG. Bank of America increased their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. StockNews.com raised 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 objective on 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. Wells Fargo & Company increased their price objective on The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. Finally, UBS Group increased 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. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.88.

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.