CreativeOne Wealth LLC Has $1.33 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

CreativeOne Wealth LLC grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 328.8% during the third quarter, Holdings Channel.com reports. The firm owned 11,343 shares of the insurance provider’s stock after acquiring an additional 8,698 shares during the quarter. CreativeOne Wealth LLC’s holdings in The Hartford Financial Services Group were worth $1,334,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in The Hartford Financial Services Group during the second quarter valued at approximately $213,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of The Hartford Financial Services Group by 27.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 221,896 shares of the insurance provider’s stock valued at $22,309,000 after buying an additional 48,004 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of The Hartford Financial Services Group in the 1st quarter valued at approximately $1,328,000. Lecap Asset Management Ltd. bought a new position in shares of The Hartford Financial Services Group in the third quarter valued at $633,000. Finally, Manning & Napier Advisors LLC acquired a new position in The Hartford Financial Services Group during the second quarter worth $11,060,000. Institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

HIG has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company boosted 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. BMO Capital Markets increased their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

The Hartford Financial Services Group Stock Performance

Shares of NYSE:HIG opened at $123.37 on Friday. The Hartford Financial Services Group, Inc. has a 12-month low of $76.65 and a 12-month high of $124.90. The company’s 50 day moving average price is $117.46 and its two-hundred day moving average price is $110.10. The firm has a market cap of $35.76 billion, a PE ratio of 12.36, a PEG ratio of 1.02 and a beta of 0.94. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26.

The Hartford Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio is presently 18.84%.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. The trade was 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 link. 1.60% of the stock is currently owned by insiders.

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.