The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Hancock Whitney Corp

Hancock Whitney Corp increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,816 shares of the insurance provider’s stock after buying an additional 129 shares during the period. Hancock Whitney Corp’s holdings in The Hartford Financial Services Group were worth $1,978,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC boosted its stake in shares of The Hartford Financial Services Group by 4.1% during the 1st quarter. SVB Wealth LLC now owns 9,774 shares of the insurance provider’s stock worth $1,007,000 after acquiring an additional 386 shares in the last quarter. Dynasty Wealth Management LLC purchased a new position in The Hartford Financial Services Group during the first quarter worth approximately $643,000. 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 period. Plato Investment Management Ltd increased its position in shares of The Hartford Financial Services Group by 6,384.1% in the first quarter. Plato Investment Management Ltd now owns 17,961 shares of the insurance provider’s stock valued at $1,851,000 after buying an additional 17,684 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in shares of The Hartford Financial Services Group during the 1st quarter worth approximately $26,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.7 %

NYSE HIG opened at $121.53 on Tuesday. The business’s fifty day simple moving average is $116.91 and its 200-day simple moving average is $109.60. 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 firm has a market cap of $35.23 billion, a PE ratio of 12.18, a P/E/G ratio of 0.99 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 Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, December 2nd. This is an increase 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 1.71%. The Hartford Financial Services Group’s payout ratio is 18.84%.

Analysts Set New Price Targets

HIG has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of 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. Argus upgraded shares of The Hartford Financial Services Group to a “strong-buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on The Hartford Financial Services Group from $105.00 to $115.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their target price on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and a consensus target price of $120.88.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group 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.