DGS Capital Management LLC Sells 155 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

DGS Capital Management LLC lessened its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,876 shares of the insurance provider’s stock after selling 155 shares during the period. DGS Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC bought a new position in The Hartford Financial Services Group in the third quarter worth approximately $26,000. Clean Yield Group bought a new position in shares of The Hartford Financial Services Group in the third quarter worth approximately $33,000. Quest Partners LLC boosted its holdings 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 worth $29,000 after buying an additional 275 shares during the period. BNP Paribas bought a new stake in The Hartford Financial Services Group during the third quarter valued at about $35,000. Finally, Family Firm Inc. purchased a new position in shares of The Hartford Financial Services Group in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 1.0 %

Shares of NYSE HIG opened at $112.06 on Friday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $78.33 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $32.49 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.93 and a beta of 0.95. The business’s 50 day moving average price is $117.41 and its 200-day moving average price is $111.15.

The Hartford Financial Services Group Increases Dividend

The firm 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 annualized dividend and a dividend yield of 1.86%. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 2nd. The Hartford Financial Services Group’s dividend payout ratio (DPR) is 20.84%.

Analysts Set New Price Targets

Several analysts recently issued reports on HIG shares. UBS Group increased their target price 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. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays initiated 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 target price for the company. Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group increased 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 report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.