Diversified Trust Co Has $1.15 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Diversified Trust Co raised its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 182.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,463 shares of the insurance provider’s stock after buying an additional 6,754 shares during the quarter. Diversified Trust Co’s holdings in The Hartford Financial Services Group were worth $1,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pensionfund Sabic boosted its stake in The Hartford Financial Services Group by 26.1% during the fourth quarter. Pensionfund Sabic now owns 14,500 shares of the insurance provider’s stock worth $1,586,000 after acquiring an additional 3,000 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock worth $430,272,000 after purchasing an additional 581,103 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of The Hartford Financial Services Group by 6.1% in the 4th quarter. GAMMA Investing LLC now owns 10,064 shares of the insurance provider’s stock valued at $1,101,000 after buying an additional 581 shares during the period. Versant Capital Management Inc increased its position in The Hartford Financial Services Group by 62.6% in the 4th quarter. Versant Capital Management Inc now owns 470 shares of the insurance provider’s stock valued at $51,000 after buying an additional 181 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in The Hartford Financial Services Group by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 353,873 shares of the insurance provider’s stock worth $41,619,000 after buying an additional 6,605 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HIG shares. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. upped their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. UBS Group lifted their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Keefe, Bruyette & Woods upped their target price 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. 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 company a “neutral” rating in a research report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $122.28.

The Hartford Financial Services Group Trading Up 0.3 %

NYSE HIG opened at $109.33 on Thursday. The business’s fifty day moving average is $114.53 and its 200-day moving average is $112.27. 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 stock has a market capitalization of $31.69 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.92 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a one year low of $81.04 and a one year high of $124.90.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd were given a $0.52 dividend. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, December 2nd. This represents a $2.08 annualized dividend and a yield of 1.90%. The Hartford Financial Services Group’s payout ratio is currently 20.84%.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction that occurred on Friday, November 15th. The shares were 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 of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.