Tyler Stone Wealth Management Increases Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Tyler Stone Wealth Management lifted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 241.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,879 shares of the insurance provider’s stock after purchasing an additional 1,328 shares during the period. Tyler Stone Wealth Management’s holdings in The Hartford Financial Services Group were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HIG. Dimensional Fund Advisors LP grew its stake in shares of The Hartford Financial Services Group by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,809,358 shares of the insurance provider’s stock valued at $584,177,000 after purchasing an additional 69,007 shares during the period. AQR Capital Management LLC grew its position in The Hartford Financial Services Group by 4.9% during the second quarter. AQR Capital Management LLC now owns 1,497,960 shares of the insurance provider’s stock valued at $150,605,000 after buying an additional 70,018 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in The Hartford Financial Services Group by 2.4% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,367,400 shares of the insurance provider’s stock valued at $137,478,000 after buying an additional 31,806 shares during the last quarter. Bahl & Gaynor Inc. raised its position in The Hartford Financial Services Group by 3.4% in the second quarter. Bahl & Gaynor Inc. now owns 1,229,133 shares of the insurance provider’s stock worth $123,577,000 after acquiring an additional 40,400 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of The Hartford Financial Services Group by 22.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider’s stock worth $141,078,000 after acquiring an additional 221,778 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.2 %

HIG stock opened at $117.70 on Tuesday. The firm has a market cap of $34.12 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.94. The firm has a fifty day moving average price of $116.31 and a 200 day moving average price of $108.03. 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 Hartford Financial Services Group, Inc. has a fifty-two week low of $73.92 and a fifty-two week high of $123.23.

The Hartford Financial Services Group declared that its board has approved a stock buyback program on Thursday, July 25th that authorizes the company to repurchase $3.30 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 10.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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 issued a $0.52 dividend. The ex-dividend date is Monday, December 2nd. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.77%. The Hartford Financial Services Group’s payout ratio is 20.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company raised 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. StockNews.com cut The Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays initiated coverage on The Hartford Financial Services Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 price objective for the company. Argus upgraded shares of The Hartford Financial Services Group to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Hartford Financial Services Group from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Eleven 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $120.88.

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.