39,490 Shares in The Hartford Financial Services Group, Inc. (NYSE:HIG) Purchased by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,490 shares of the insurance provider's stock, valued at approximately $4,341,000.

A number of other large investors also recently made changes to their positions in the business. Quarry LP increased its stake in The Hartford Financial Services Group by 195.6% in the 2nd quarter. Quarry LP now owns 600 shares of the insurance provider's stock valued at $60,000 after buying an additional 397 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of The Hartford Financial Services Group during the 2nd quarter valued at $253,000. Truist Financial Corp increased its stake in shares of The Hartford Financial Services Group by 0.6% in the second quarter. Truist Financial Corp now owns 127,531 shares of the insurance provider's stock worth $12,822,000 after acquiring an additional 780 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group during the second quarter worth $2,871,000. Finally, Czech National Bank boosted its position in The Hartford Financial Services Group by 5.9% during the third quarter. Czech National Bank now owns 59,690 shares of the insurance provider's stock valued at $7,020,000 after purchasing an additional 3,331 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.

Insiders Place Their Bets

In related 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 value of $803,479.60. Following the completion of the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $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 through this hyperlink. Corporate insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Trading Down 2.4 %

Shares of HIG stock opened at $111.51 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group, Inc. has a 1 year low of $85.34 and a 1 year high of $124.90. The firm's fifty day simple moving average is $113.09 and its 200 day simple moving average is $113.35. The firm has a market capitalization of $32.33 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.82 and a beta of 0.98.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.62% and a return on equity of 20.35%. As a group, sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 10.06 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HIG shares. JPMorgan Chase & Co. raised their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Bank of America lifted their target price on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. BMO Capital Markets increased their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. StockNews.com raised shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company lowered their target price on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group presently has an average rating of "Moderate Buy" and a consensus price target of $122.28.

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.

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