Robeco Institutional Asset Management B.V. Increases Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Robeco Institutional Asset Management B.V. grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,234,480 shares of the insurance provider's stock after purchasing an additional 34,938 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.43% of The Hartford Financial Services Group worth $135,052,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in shares of The Hartford Financial Services Group by 437.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock worth $95,322,000 after purchasing an additional 709,324 shares during the period. International Assets Investment Management LLC increased its position in The Hartford Financial Services Group by 31,680.4% during the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock worth $816,310,000 after purchasing an additional 691,900 shares in the last quarter. Nordea Investment Management AB increased its position in The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock worth $430,272,000 after purchasing an additional 581,103 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock worth $110,000,000 after buying an additional 277,295 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in The Hartford Financial Services Group by 7,564.9% in the 3rd quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider's stock worth $29,243,000 after buying an additional 245,404 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Price Performance

NYSE HIG traded down $2.75 on Friday, hitting $111.51. 4,019,217 shares of the company's stock were exchanged, compared to its average volume of 1,374,427. The stock has a 50-day moving average of $112.91 and a 200-day moving average of $113.42. 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 Hartford Financial Services Group, Inc. has a 52 week low of $85.34 and a 52 week high of $124.90. The stock has a market cap of $32.33 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.82 and a beta of 0.98.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (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 20.35% and a net margin of 11.62%. Analysts expect that The Hartford Financial Services Group, Inc. will post 10.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HIG shares. JPMorgan Chase & Co. lifted their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective 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 research report on Friday, November 15th. Bank of America boosted their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Nine investment 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.28.

Insider Activity

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

About The Hartford Financial Services Group

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.