Glenmede Trust Co. NA Has $14.09 Million Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Glenmede Trust Co. NA decreased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 119,831 shares of the insurance provider’s stock after selling 1,910 shares during the quarter. Glenmede Trust Co. NA’s holdings in The Hartford Financial Services Group were worth $14,093,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. DT Investment Partners LLC acquired a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $26,000. Quest Partners LLC increased its position in 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 worth $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 during the second quarter worth $30,000. Family Firm Inc. bought a new stake in The Hartford Financial Services Group in the 2nd quarter valued at about $31,000. Finally, Clean Yield Group bought a new stake in The Hartford Financial Services Group in the 3rd quarter valued at about $33,000. 93.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HIG shares. Argus upgraded shares of The Hartford Financial Services Group to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company increased their target price on The Hartford Financial Services Group from $122.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, September 17th. Jefferies Financial Group boosted 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, Barclays assumed coverage on shares of The Hartford Financial Services Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 price objective for the company. Ten 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 stock. According to data from MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

Insider Transactions 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 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 sale, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $123.74 on Friday. 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 firm has a 50-day moving average of $117.32 and a 200-day moving average of $109.94. The Hartford Financial Services Group, Inc. has a one year low of $76.65 and a one year high of $124.90. The company has a market cap of $35.87 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.00 and a beta of 0.94.

The Hartford Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.68%. This is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The Hartford Financial Services Group’s dividend payout ratio (DPR) is currently 20.84%.

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.