Ibex Wealth Advisors Invests $717,000 in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Ibex Wealth Advisors bought a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,555 shares of the insurance provider's stock, valued at approximately $717,000.

A number of other large investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of The Hartford Financial Services Group by 2.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider's stock valued at $135,052,000 after acquiring an additional 34,938 shares during the period. R Squared Ltd acquired a new stake in The Hartford Financial Services Group during the 4th quarter worth $197,000. Stonegate Investment Group LLC grew its position in The Hartford Financial Services Group by 3.7% during the 4th quarter. Stonegate Investment Group LLC now owns 3,972 shares of the insurance provider's stock worth $435,000 after purchasing an additional 142 shares during the last quarter. Perigon Wealth Management LLC increased its stake in The Hartford Financial Services Group by 6.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,829 shares of the insurance provider's stock valued at $318,000 after purchasing an additional 163 shares during the period. Finally, Griffin Asset Management Inc. increased its stake in The Hartford Financial Services Group by 5.0% in the fourth quarter. Griffin Asset Management Inc. now owns 7,160 shares of the insurance provider's stock valued at $783,000 after purchasing an additional 340 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Price Performance

Shares of HIG stock traded up $0.51 during mid-day trading on Thursday, reaching $114.01. The stock had a trading volume of 518,618 shares, compared to its average volume of 1,472,689. 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 business has a 50-day simple moving average of $113.20 and a 200 day simple moving average of $113.35. The company has a market cap of $33.05 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HIG shares. Barclays raised The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $130.00 to $135.00 in a report on Monday, January 6th. BMO Capital Markets upped their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Bank of America boosted their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their target price 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. Finally, JPMorgan Chase & Co. boosted 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 research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group has an average rating of "Moderate Buy" and an average price target of $122.28.

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 stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

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.