UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,949 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,596,142 shares of the insurance provider’s stock after selling 2,949 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.24% of The Hartford Financial Services Group worth $422,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group during the third quarter valued at $26,000. Quest Partners LLC lifted its position in The Hartford Financial Services Group by 2,750.0% during 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 in the last quarter. Bank & Trust Co purchased a new position in The Hartford Financial Services Group during the second quarter valued at $30,000. Family Firm Inc. purchased a new position in shares of The Hartford Financial Services Group in the second quarter valued at about $31,000. Finally, Clean Yield Group purchased a new position in shares of The Hartford Financial Services Group in the third quarter valued at about $33,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on The Hartford Financial Services Group from $122.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. BMO Capital Markets increased their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday. Jefferies Financial Group increased their price target on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and an average price target of $122.00.

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 firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 25,820 shares in the company, 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. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.9 %

Shares of NYSE HIG opened at $123.74 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 business’s 50 day moving average price is $117.32 and its 200-day moving average price is $109.94. The Hartford Financial Services Group, Inc. has a fifty-two week low of $76.65 and a fifty-two week high of $124.90. The company has a market cap of $35.87 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.02 and a beta of 0.94.

The Hartford Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.68%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio is presently 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.