Brooklyn Investment Group Acquires 94 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Brooklyn Investment Group grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,444 shares of the insurance provider’s stock after acquiring an additional 94 shares during the quarter. Brooklyn Investment Group’s holdings in The Hartford Financial Services Group were worth $287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in The Hartford Financial Services Group by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 19,247 shares of the insurance provider’s stock valued at $2,264,000 after purchasing an additional 199 shares during the period. Dai ichi Life Insurance Company Ltd increased its position in shares of The Hartford Financial Services Group by 3.3% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock valued at $16,172,000 after buying an additional 4,449 shares during the period. Bank of Montreal Can increased its position in shares of The Hartford Financial Services Group by 4.9% during the third quarter. Bank of Montreal Can now owns 435,627 shares of the insurance provider’s stock valued at $50,873,000 after buying an additional 20,385 shares during the period. Hancock Whitney Corp raised its stake in The Hartford Financial Services Group by 0.8% in the third quarter. Hancock Whitney Corp now owns 16,816 shares of the insurance provider’s stock worth $1,978,000 after buying an additional 129 shares in the last quarter. Finally, Boston Family Office LLC purchased a new stake in The Hartford Financial Services Group in the third quarter worth about $227,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.9 %

The Hartford Financial Services Group stock opened at $122.61 on Wednesday. The firm has a market cap of $35.54 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.00 and a beta of 0.94. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group, Inc. has a 12 month low of $76.65 and a 12 month high of $123.23. The stock has a fifty day simple moving average of $117.02 and a two-hundred day simple moving average of $109.75.

The Hartford Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be given a $0.52 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.70%. The Hartford Financial Services Group’s payout ratio is 18.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction that occurred on 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 in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Jefferies Financial Group upped their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Bank of America increased their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, UBS Group increased their price target 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. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.