Hunter Perkins Capital Management LLC Reduces Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Hunter Perkins Capital Management LLC reduced its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,166 shares of the insurance provider's stock after selling 8,599 shares during the period. The Hartford Financial Services Group makes up about 2.1% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 17th biggest holding. Hunter Perkins Capital Management LLC's holdings in The Hartford Financial Services Group were worth $9,897,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after buying an additional 581,103 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in The Hartford Financial Services Group by 22.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider's stock valued at $141,078,000 after purchasing an additional 221,778 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in The Hartford Financial Services Group by 42.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock valued at $110,000,000 after purchasing an additional 277,295 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of The Hartford Financial Services Group by 437.9% in the 4th 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 in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of The Hartford Financial Services Group by 31,680.4% in the 3rd 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. 93.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIG has been the subject of several research analyst reports. Jefferies Financial Group boosted their target price on 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 price objective on shares of 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. JPMorgan Chase & Co. upped their price target on shares of 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. UBS Group upped their target price on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Finally, Barclays raised The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. 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. According to data from MarketBeat, The Hartford Financial Services Group has an average rating of "Moderate Buy" and an average price target of $122.28.

The Hartford Financial Services Group Stock Up 2.6 %

NYSE:HIG traded up $2.84 during trading hours on Monday, reaching $114.33. The company had a trading volume of 1,328,878 shares, compared to its average volume of 1,536,286. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The business's 50-day simple moving average is $113.44 and its two-hundred day simple moving average is $113.17. The firm has a market cap of $33.14 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a twelve month low of $85.34 and a twelve month high of $124.90.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 completion of the sale, the executive vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

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.