Transamerica Financial Advisors Inc. Has $181,000 Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Transamerica Financial Advisors Inc. boosted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 47.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,533 shares of the insurance provider’s stock after purchasing an additional 493 shares during the period. Transamerica Financial Advisors Inc.’s holdings in The Hartford Financial Services Group were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HIG. New Covenant Trust Company N.A. acquired a new position in The Hartford Financial Services Group in the 1st quarter worth about $26,000. DT Investment Partners LLC acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at about $26,000. Quest Partners LLC increased its stake in shares of The Hartford Financial Services Group by 2,750.0% in the second 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 period. Bank & Trust Co acquired a new stake in shares of The Hartford Financial Services Group in the second quarter valued at about $30,000. Finally, Family Firm Inc. acquired a new stake in shares of The Hartford Financial Services Group in the second quarter valued at about $31,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.9 %

Shares of NYSE:HIG opened at $123.74 on Thursday. The business’s 50 day simple moving average is $117.16 and its two-hundred day simple moving average is $109.84. The firm has a market cap of $35.87 billion, a P/E ratio of 12.40, a PEG ratio of 1.00 and a beta of 0.94. 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 Hartford Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 annualized dividend and a yield of 1.68%. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio is presently 18.84%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HIG. JPMorgan Chase & Co. increased 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. UBS Group increased their price target on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. 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. Argus upgraded The Hartford Financial Services Group to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Bank of America upped their target price 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.00.

The Hartford Financial Services Group Company 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.