Wilmington Savings Fund Society FSB Purchases Shares of 4,371 The Hartford Financial Services Group, Inc. (NYSE:HIG)

Wilmington Savings Fund Society FSB bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,371 shares of the insurance provider’s stock, valued at approximately $514,000.

Other large investors have also made changes to their positions in the company. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group in the third quarter valued at $26,000. Clean Yield Group acquired a new stake in shares of The Hartford Financial Services Group in the third quarter worth $33,000. Quest Partners LLC raised its position in 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 valued at $29,000 after purchasing an additional 275 shares during the period. BNP Paribas acquired a new position in The Hartford Financial Services Group during the 3rd quarter worth approximately $35,000. Finally, Family Firm Inc. acquired a new position in shares of The Hartford Financial Services Group during the second quarter worth $31,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Barclays began coverage on The Hartford Financial Services Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $130.00 price target on the stock. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price 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. Finally, Bank of America raised their price target on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

The Hartford Financial Services Group Trading Down 1.2 %

NYSE HIG opened at $110.73 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a one year low of $78.33 and a one year high of $124.90. The company has a 50-day simple moving average of $117.33 and a 200-day simple moving average of $111.37. The firm has a market capitalization of $32.10 billion, a PE ratio of 11.10, 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 announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be paid a $0.52 dividend. 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 1.88%. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group’s payout ratio is presently 20.84%.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’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 transaction of $803,479.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Company 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.