Asset Management One Co. Ltd. Sells 4,033 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Asset Management One Co. Ltd. reduced its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,010 shares of the insurance provider's stock after selling 4,033 shares during the quarter. Asset Management One Co. Ltd.'s holdings in The Hartford Financial Services Group were worth $15,855,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in The Hartford Financial Services Group in the third quarter worth about $178,000. Creative Planning raised its holdings in The Hartford Financial Services Group by 2.9% in the third quarter. Creative Planning now owns 79,105 shares of the insurance provider's stock worth $9,304,000 after purchasing an additional 2,237 shares in the last quarter. Vontobel Holding Ltd. lifted its position in The Hartford Financial Services Group by 1.3% during the third quarter. Vontobel Holding Ltd. now owns 10,493 shares of the insurance provider's stock valued at $1,234,000 after buying an additional 133 shares during the period. Trust Co. of Vermont boosted its holdings in shares of The Hartford Financial Services Group by 27.9% during the 3rd quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider's stock valued at $47,000 after buying an additional 88 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of The Hartford Financial Services Group by 11.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,561 shares of the insurance provider's stock worth $889,000 after buying an additional 784 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays raised shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Piper Sandler boosted their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.94.

The Hartford Financial Services Group Stock Performance

NYSE:HIG traded up $0.18 on Wednesday, hitting $113.00. The stock had a trading volume of 1,659,182 shares, compared to its average volume of 1,663,421. The business's 50-day simple moving average is $110.93 and its two-hundred day simple moving average is $114.07. The stock has a market cap of $32.76 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 52-week low of $92.54 and a 52-week high of $124.90. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. As a group, research analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

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.