Public Sector Pension Investment Board Has $6.02 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Public Sector Pension Investment Board increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,173 shares of the insurance provider’s stock after acquiring an additional 1,000 shares during the period. Public Sector Pension Investment Board’s holdings in The Hartford Financial Services Group were worth $6,018,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group in the third quarter worth approximately $26,000. Quest Partners LLC raised its position in The Hartford Financial Services Group by 2,750.0% in the 2nd 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 last quarter. Bank & Trust Co bought a new position in The Hartford Financial Services Group during the 2nd quarter valued at $30,000. Family Firm Inc. bought a new stake in shares of The Hartford Financial Services Group in the 2nd quarter worth $31,000. Finally, Clean Yield Group bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth $33,000. Institutional investors 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 stock in a transaction dated 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 directly owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Trading Down 0.3 %

NYSE:HIG opened at $123.31 on Friday. The Hartford Financial Services Group, Inc. has a 1 year low of $76.65 and a 1 year high of $124.90. The stock’s fifty day moving average price is $117.46 and its two-hundred day moving average price is $110.16. 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 company has a market cap of $35.75 billion, a P/E ratio of 12.36, a P/E/G 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 is a boost from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.69%. The Hartford Financial Services Group’s dividend payout ratio is 18.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Barclays initiated coverage on 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. BMO Capital Markets upped their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday. Bank of America lifted their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upped their price objective 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. 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 company’s stock. According to MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

About The Hartford Financial Services Group

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.