MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.59 Million Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,732 shares of the insurance provider's stock after selling 9,256 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in The Hartford Financial Services Group were worth $2,593,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in The Hartford Financial Services Group by 7.1% during the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider's stock worth $13,063,000 after acquiring an additional 7,350 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in shares of The Hartford Financial Services Group by 3.3% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider's stock worth $16,172,000 after purchasing an additional 4,449 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of The Hartford Financial Services Group during the third quarter worth $633,000. Zurich Insurance Group Ltd FI bought a new stake in shares of The Hartford Financial Services Group during the third quarter worth $19,005,000. Finally, Citigroup Inc. grew its holdings in shares of The Hartford Financial Services Group by 3.5% during the third quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider's stock worth $37,029,000 after purchasing an additional 10,566 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HIG shares. UBS Group increased 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. Wells Fargo & Company decreased their target price on The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. JPMorgan Chase & Co. increased 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. Finally, Barclays upgraded 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. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to 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 0.3 %

Shares of NYSE HIG traded up $0.32 during mid-day trading on Friday, reaching $111.21. 494,899 shares of the company's stock were exchanged, compared to its average volume of 1,487,491. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.81 and a beta of 0.98. 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 fifty day simple moving average of $113.57 and a 200 day simple moving average of $112.90. The Hartford Financial Services Group, Inc. has a twelve month low of $85.34 and a twelve month high of $124.90.

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.