Empowered Funds LLC Has $3.13 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Empowered Funds LLC lifted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 62.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,622 shares of the insurance provider's stock after purchasing an additional 10,964 shares during the period. Empowered Funds LLC's holdings in The Hartford Financial Services Group were worth $3,131,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its position in The Hartford Financial Services Group by 2.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider's stock worth $489,000 after buying an additional 97 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in The Hartford Financial Services Group by 47.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 31,381 shares of the insurance provider's stock valued at $3,433,000 after purchasing an additional 10,063 shares in the last quarter. Vest Financial LLC boosted its holdings in The Hartford Financial Services Group by 29.0% during the fourth quarter. Vest Financial LLC now owns 298,884 shares of the insurance provider's stock valued at $32,698,000 after purchasing an additional 67,224 shares in the last quarter. Barrett & Company Inc. boosted its holdings in The Hartford Financial Services Group by 46.5% during the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Lecap Asset Management Ltd. boosted its holdings in The Hartford Financial Services Group by 306.5% during the fourth quarter. Lecap Asset Management Ltd. now owns 21,865 shares of the insurance provider's stock valued at $2,392,000 after purchasing an additional 16,486 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

HIG traded down $0.09 during trading hours on Monday, reaching $112.19. The company's stock had a trading volume of 1,848,544 shares, compared to its average volume of 1,756,333. The Hartford Financial Services Group, Inc. has a 52 week low of $91.64 and a 52 week high of $124.90. The company's 50-day moving average is $111.02 and its 200-day moving average is $114.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $32.52 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. On average, equities analysts forecast that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HIG. BMO Capital Markets lifted their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Barclays raised The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $130.00 to $135.00 in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Finally, StockNews.com raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Nine equities 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. Based on data from MarketBeat, The Hartford Financial Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $122.94.

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.