DGS Capital Management LLC Lowers Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

DGS Capital Management LLC decreased its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,876 shares of the insurance provider’s stock after selling 155 shares during the period. DGS Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $573,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HIG. International Assets Investment Management LLC boosted its stake in The Hartford Financial Services Group by 31,680.4% in the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock valued at $816,310,000 after acquiring an additional 691,900 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of The Hartford Financial Services Group by 42.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock valued at $110,000,000 after buying an additional 277,295 shares in the last quarter. Verition Fund Management LLC raised its holdings in The Hartford Financial Services Group by 7,564.9% during the 3rd quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider’s stock valued at $29,243,000 after acquiring an additional 245,404 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of The Hartford Financial Services Group by 22.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider’s stock valued at $141,078,000 after purchasing an additional 221,778 shares in the last quarter. Finally, Lighthouse Investment Partners LLC raised its stake in shares of The Hartford Financial Services Group by 237.1% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 299,364 shares of the insurance provider’s stock valued at $30,098,000 after purchasing an additional 210,546 shares during the period. Institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HIG. UBS Group lifted their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays started coverage on The Hartford Financial Services Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $130.00 price objective on the stock. BMO Capital Markets upped their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lifted their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.00.

The Hartford Financial Services Group Stock Up 1.0 %

HIG stock opened at $112.06 on Friday. 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 has a 50 day moving average of $117.41 and a 200 day moving average of $111.15. The Hartford Financial Services Group, Inc. has a twelve month low of $78.33 and a twelve month high of $124.90. The firm has a market cap of $32.49 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95.

The Hartford Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, December 2nd. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s payout ratio is currently 20.84%.

Insider Buying and Selling

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company 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.