Kingsview Wealth Management LLC Has $3.43 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Kingsview Wealth Management LLC lifted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 47.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,381 shares of the insurance provider's stock after buying an additional 10,063 shares during the period. Kingsview Wealth Management LLC's holdings in The Hartford Financial Services Group were worth $3,433,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in The Hartford Financial Services Group by 3,342.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after buying an additional 234 shares in the last quarter. Barrett & Company Inc. increased its position in The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider's stock worth $32,000 after purchasing an additional 93 shares in the last quarter. BNP Paribas acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $40,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Down 0.3 %

Shares of The Hartford Financial Services Group stock traded down $0.34 during trading on Tuesday, reaching $111.63. The company had a trading volume of 314,225 shares, compared to its average volume of 1,649,160. The company has a market cap of $32.36 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a fifty-two week low of $89.79 and a fifty-two week high of $124.90. The firm's fifty day moving average is $111.72 and its 200-day moving average is $113.99. 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 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, topping the consensus estimate 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, analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current year.

Insider Buying and Selling

In other news, EVP Adin M. Tooker sold 6,865 shares of the company's stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

HIG has been the topic of a number of analyst reports. StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Barclays upgraded The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Royal Bank of Canada restated a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. UBS Group lifted 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 report on Tuesday, October 15th. Finally, Piper Sandler upped their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, The Hartford Financial Services Group has a consensus rating of "Moderate Buy" and an average price target of $122.94.

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.