The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,224 shares of the insurance provider’s stock after selling 28,036 shares during the quarter. Martingale Asset Management L P owned approximately 0.06% of The Hartford Financial Services Group worth $20,490,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. DT Investment Partners LLC acquired a new position in The Hartford Financial Services Group in the third quarter valued at $26,000. Clean Yield Group purchased a new stake in shares of The Hartford Financial Services Group in the third quarter worth about $33,000. Quest Partners LLC lifted its stake in shares of The Hartford Financial Services Group by 2,750.0% in the second quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 275 shares in the last quarter. Bank & Trust Co acquired a new position in shares of The Hartford Financial Services Group in the second quarter worth about $30,000. Finally, BNP Paribas acquired a new position in shares of The Hartford Financial Services Group in the third quarter worth about $35,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Financial Services Group

In related 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 value of $803,479.60. Following the completion of the sale, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

HIG has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Barclays began coverage on The Hartford Financial Services Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $130.00 price objective for the company. Argus raised The Hartford Financial Services Group to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets increased their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

The Hartford Financial Services Group Trading Up 0.9 %

The Hartford Financial Services Group stock opened at $123.74 on Friday. 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 company has a market capitalization of $35.87 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.02 and a beta of 0.94. The Hartford Financial Services Group, Inc. has a one year low of $76.65 and a one year high of $124.90. The company’s fifty day moving average price is $117.32 and its two-hundred day moving average price is $109.94.

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 paid a dividend of $0.52 per share. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio is presently 18.84%.

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.