TFB Advisors LLC Sells 92 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

TFB Advisors LLC decreased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,826 shares of the insurance provider’s stock after selling 92 shares during the period. TFB Advisors LLC’s holdings in The Hartford Financial Services Group were worth $920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HIG. JB Capital LLC bought a new stake in shares of The Hartford Financial Services Group during the third quarter worth approximately $704,000. Principal Financial Group Inc. increased its position in The Hartford Financial Services Group by 1.9% during the third quarter. Principal Financial Group Inc. now owns 353,873 shares of the insurance provider’s stock worth $41,619,000 after acquiring an additional 6,605 shares during the period. Advisor Resource Council acquired a new stake in The Hartford Financial Services Group in the 3rd quarter worth about $681,000. Graypoint LLC boosted its holdings in The Hartford Financial Services Group by 6.5% in the 3rd quarter. Graypoint LLC now owns 4,172 shares of the insurance provider’s stock valued at $491,000 after purchasing an additional 254 shares during the period. Finally, Radnor Capital Management LLC acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth approximately $3,812,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

HIG has been the subject of several recent research reports. Barclays assumed 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 price target for the company. Bank of America increased their target price 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. Jefferies Financial Group raised 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 report on Wednesday, October 9th. UBS Group increased their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. boosted their target price 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. Eleven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $120.88.

The Hartford Financial Services Group Trading Down 1.3 %

HIG opened at $115.19 on Friday. The company’s 50 day moving average price is $116.31 and its two-hundred day moving average price is $107.75. The firm has a market capitalization of $33.39 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.91 and a beta of 0.94. The Hartford Financial Services Group, Inc. has a fifty-two week low of $72.87 and a fifty-two week high of $123.23. 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 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 $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.81%. 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 is presently 20.84%.

The Hartford Financial Services Group announced that its board has approved a share repurchase plan on Thursday, July 25th that authorizes the company to repurchase $3.30 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 10.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.