2,889 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC purchased a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) during the third quarter, HoldingsChannel reports. The firm purchased 2,889 shares of the insurance provider’s stock, valued at approximately $340,000.

Other hedge funds have also added to or reduced their stakes in the company. DT Investment Partners LLC bought a new stake in shares of The Hartford Financial Services Group during the third quarter worth approximately $26,000. Quest Partners LLC grew its holdings in The Hartford Financial Services Group by 2,750.0% in the 2nd quarter. Quest Partners LLC now owns 285 shares of the insurance provider’s stock valued at $29,000 after buying an additional 275 shares in the last quarter. Bank & Trust Co acquired a new position in The Hartford Financial Services Group in the 2nd quarter valued at $30,000. Family Firm Inc. bought a new position in The Hartford Financial Services Group during the 2nd quarter worth $31,000. Finally, Clean Yield Group acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth $33,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HIG. BMO Capital Markets raised their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of The Hartford Financial Services Group from $122.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, September 17th. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Barclays initiated coverage on The Hartford Financial Services Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 target price on the stock. Ten investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Buying and Selling

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $123.31 on Monday. The Hartford Financial Services Group, Inc. has a one year low of $76.65 and a one year high of $124.90. 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 cap of $35.75 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.01 and a beta of 0.94. The firm has a 50 day simple moving average of $117.46 and a 200 day simple moving average of $110.23.

The Hartford Financial Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.52 per share. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.69%. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 18.84%.

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.