BDF Gestion Sells 4,553 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

BDF Gestion cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,043 shares of the insurance provider's stock after selling 4,553 shares during the quarter. BDF Gestion's holdings in The Hartford Financial Services Group were worth $3,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HIG. Nordea Investment Management AB increased its holdings in shares of The Hartford Financial Services Group by 17.3% during the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock worth $430,272,000 after buying an additional 581,103 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in The Hartford Financial Services Group by 2.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider's stock worth $135,052,000 after acquiring an additional 34,938 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock worth $110,000,000 after purchasing an additional 277,295 shares in the last quarter. Assenagon Asset Management S.A. raised its position in The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock valued at $95,322,000 after purchasing an additional 709,324 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of The Hartford Financial Services Group by 31,680.4% during the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock valued at $816,310,000 after purchasing an additional 691,900 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares of the company's stock, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. UBS Group raised their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their price objective on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Wells Fargo & Company lowered their target price on The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Finally, Bank of America upped their price target on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. 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, the company has a consensus rating of "Moderate Buy" and an average price target of $122.28.

The Hartford Financial Services Group Stock Down 2.4 %

NYSE HIG traded down $2.75 on Friday, hitting $111.51. 4,019,217 shares of the company were exchanged, compared to its average volume of 1,652,651. The Hartford Financial Services Group, Inc. has a 12 month low of $85.34 and a 12 month high of $124.90. 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 company has a market cap of $32.33 billion, a PE ratio of 11.17, a PEG ratio of 0.82 and a beta of 0.98. The stock has a fifty day moving average of $113.09 and a 200-day moving average of $113.35.

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

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.