D.A. Davidson & CO. Purchases 199 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

D.A. Davidson & CO. increased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,247 shares of the insurance provider’s stock after acquiring an additional 199 shares during the period. D.A. Davidson & CO.’s holdings in The Hartford Financial Services Group were worth $2,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new stake in shares of The Hartford Financial Services Group during the second quarter worth $213,000. Skandinaviska Enskilda Banken AB publ grew its holdings in The Hartford Financial Services Group by 27.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock worth $22,309,000 after acquiring an additional 48,004 shares during the last quarter. Atria Investments Inc acquired a new stake in The Hartford Financial Services Group in the 1st quarter valued at about $1,328,000. Lecap Asset Management Ltd. bought a new position in shares of The Hartford Financial Services Group in the third quarter worth about $633,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the second quarter worth approximately $11,060,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $123.37 on Friday. 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 52 week low of $76.65 and a 52 week high of $124.90. The company’s 50 day moving average price is $117.46 and its two-hundred day moving average price is $110.10. The company has a market capitalization of $35.76 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.02 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. Investors 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 dividend yield of 1.69%. This is a positive change 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 dividend payout ratio (DPR) is presently 18.84%.

Analysts Set New Price Targets

HIG has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods lifted their price objective on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Bank of America upped their target price 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. Finally, Barclays initiated coverage on shares of The Hartford Financial Services Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $130.00 target price on the stock. Ten equities 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 company’s stock. According to MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Insider Activity at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction dated 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 owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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.