Blue Trust Inc. Boosts Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Blue Trust Inc. increased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,434 shares of the insurance provider's stock after acquiring an additional 2,284 shares during the period. Blue Trust Inc.'s holdings in The Hartford Financial Services Group were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HIG. PFG Investments LLC increased its holdings in shares of The Hartford Financial Services Group by 8.6% during the fourth quarter. PFG Investments LLC now owns 2,858 shares of the insurance provider's stock valued at $313,000 after acquiring an additional 227 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of The Hartford Financial Services Group by 7.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 38,248 shares of the insurance provider's stock valued at $4,184,000 after purchasing an additional 2,530 shares during the last quarter. Monte Financial Group LLC raised its stake in The Hartford Financial Services Group by 3.6% during the fourth quarter. Monte Financial Group LLC now owns 46,922 shares of the insurance provider's stock valued at $5,133,000 after purchasing an additional 1,614 shares in the last quarter. GSB Wealth Management LLC increased its position in shares of The Hartford Financial Services Group by 6.6% during the 4th quarter. GSB Wealth Management LLC now owns 3,807 shares of the insurance provider's stock valued at $416,000 after purchasing an additional 235 shares during the last quarter. Finally, CX Institutional boosted its position in shares of The Hartford Financial Services Group by 2.3% during the fourth quarter. CX Institutional now owns 5,714 shares of the insurance provider's stock valued at $625,000 after buying an additional 131 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Insider Activity

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the sale, the executive vice president now owns 25,820 shares of the company's stock, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

HIG has been the topic of a number of recent analyst reports. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $130.00 to $135.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. UBS Group raised their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, 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. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.28.

The Hartford Financial Services Group Trading Up 0.6 %

NYSE:HIG traded up $0.69 on Thursday, reaching $114.19. The company's stock had a trading volume of 585,833 shares, compared to its average volume of 1,475,796. The firm has a market cap of $33.10 billion, a PE ratio of 11.45, a PEG ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 1-year low of $85.34 and a 1-year high of $124.90. 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 business's 50-day moving average price is $113.20 and its two-hundred day moving average price is $113.35.

The Hartford Financial Services Group 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.