The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.5% during the fourth quarter, Holdings Channel reports. The firm owned 58,718 shares of the insurance provider’s stock after acquiring an additional 3,576 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in The Hartford Financial Services Group were worth $6,424,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. DT Investment Partners LLC bought a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 234 shares during the period. Clean Yield Group bought a new position in shares of The Hartford Financial Services Group during the third quarter valued at approximately $33,000. BNP Paribas acquired a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth approximately $35,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth approximately $40,000. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HIG shares. Keefe, Bruyette & Woods increased their target price on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets increased their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Jefferies Financial Group boosted their target price on shares of 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. Wells Fargo & Company decreased their target price on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.28.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the company’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 completion of the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Down 0.0 %

NYSE HIG opened at $111.88 on Wednesday. The company has a market capitalization of $32.43 billion, a P/E ratio of 11.21, a PEG ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 12 month low of $85.19 and a 12 month high of $124.90. 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’s 50 day simple moving average is $113.92 and its 200 day simple moving average is $112.83.

The Hartford Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Monday, December 2nd. This is an increase 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.