Townsquare Capital LLC Has $924,000 Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Townsquare Capital LLC increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 33.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,860 shares of the insurance provider’s stock after acquiring an additional 1,962 shares during the period. Townsquare Capital LLC’s holdings in The Hartford Financial Services Group were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of HIG. DT Investment Partners LLC acquired a new stake in The Hartford Financial Services Group during the third quarter valued at $26,000. Quest Partners LLC lifted its holdings in shares of The Hartford Financial Services Group by 2,750.0% during 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 during the last quarter. Family Firm Inc. bought a new stake in shares of The Hartford Financial Services Group in the 2nd quarter valued at approximately $31,000. Clean Yield Group acquired a new position in The Hartford Financial Services Group in the third quarter worth approximately $33,000. Finally, Ashton Thomas Securities LLC bought a new position in The Hartford Financial Services Group during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Price Performance

NYSE:HIG opened at $121.28 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 company has a 50-day moving average of $117.55 and a 200-day moving average of $110.36. The Hartford Financial Services Group, Inc. has a 52 week low of $77.59 and a 52 week high of $124.90. The company has a market capitalization of $35.16 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.01 and a beta of 0.94.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.72%. 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. The Hartford Financial Services Group’s payout ratio is presently 20.84%.

Insider Transactions at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company’s 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 directly owns 25,820 shares in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on HIG shares. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on shares of 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. Keefe, Bruyette & Woods upped 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. Jefferies Financial Group boosted their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America raised their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Ten 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’s stock. According to MarketBeat, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and an average target price of $122.00.

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.