The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.9% during the third quarter, HoldingsChannel reports. The fund owned 525,853 shares of the insurance provider’s stock after selling 21,469 shares during the period. Janus Henderson Group PLC’s holdings in The Hartford Financial Services Group were worth $61,845,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HIG. Cetera Investment Advisers lifted its holdings in The Hartford Financial Services Group by 104.8% in the first quarter. Cetera Investment Advisers now owns 55,465 shares of the insurance provider’s stock valued at $5,716,000 after acquiring an additional 28,383 shares during the last quarter. Mather Group LLC. lifted its stake in The Hartford Financial Services Group by 9.4% during the second quarter. Mather Group LLC. now owns 1,845 shares of the insurance provider’s stock worth $190,000 after purchasing an additional 159 shares in the last quarter. CWM LLC lifted its stake in The Hartford Financial Services Group by 13.9% during the second quarter. CWM LLC now owns 13,942 shares of the insurance provider’s stock worth $1,402,000 after purchasing an additional 1,698 shares in the last quarter. CX Institutional lifted its stake in The Hartford Financial Services Group by 84.1% during the second quarter. CX Institutional now owns 5,555 shares of the insurance provider’s stock worth $558,000 after purchasing an additional 2,537 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in The Hartford Financial Services Group during the second quarter worth $11,060,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HIG has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Jefferies Financial Group upped their price target on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, UBS Group upped their price objective on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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 firm’s stock in a transaction dated 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 owns 25,820 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Stock Performance

NYSE:HIG opened at $121.22 on Friday. The firm has a market capitalization of $35.14 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. The business’s fifty day moving average price is $117.81 and its 200 day moving average price is $110.63. 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 Hartford Financial Services Group, Inc. has a 12 month low of $77.82 and a 12 month high of $124.90.

The Hartford Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 2nd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, December 2nd. 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 20.84%.

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.