SG Americas Securities LLC Lowers Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

SG Americas Securities LLC lowered its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 80.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,824 shares of the insurance provider's stock after selling 7,403 shares during the period. SG Americas Securities LLC's holdings in The Hartford Financial Services Group were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. CWM LLC raised its holdings in shares of The Hartford Financial Services Group by 7.9% during the 3rd quarter. CWM LLC now owns 15,048 shares of the insurance provider's stock valued at $1,770,000 after purchasing an additional 1,106 shares in the last quarter. Marcum Wealth LLC bought a new position in The Hartford Financial Services Group in the 3rd quarter worth $209,000. Wedmont Private Capital raised its holdings in The Hartford Financial Services Group by 4.0% in the 3rd quarter. Wedmont Private Capital now owns 4,137 shares of the insurance provider's stock worth $473,000 after acquiring an additional 159 shares during the period. LVW Advisors LLC raised its holdings in The Hartford Financial Services Group by 6.1% in the 3rd quarter. LVW Advisors LLC now owns 4,668 shares of the insurance provider's stock worth $549,000 after acquiring an additional 268 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in The Hartford Financial Services Group by 34.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 111,065 shares of the insurance provider's stock worth $13,095,000 after acquiring an additional 28,626 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

HIG has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Royal Bank of Canada reiterated a "sector perform" rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Piper Sandler boosted their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, The Hartford Financial Services Group presently has an average rating of "Moderate Buy" and an average target price of $122.94.

The Hartford Financial Services Group Stock Down 0.4 %

Shares of NYSE HIG traded down $0.43 during trading on Tuesday, hitting $111.53. The stock had a trading volume of 604,768 shares, compared to its average volume of 1,658,603. The Hartford Financial Services Group, Inc. has a 12 month low of $89.79 and a 12 month high of $124.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $32.33 billion, a PE ratio of 10.79, a PEG ratio of 1.12 and a beta of 0.97. The firm has a fifty day moving average of $111.72 and a two-hundred day moving average of $113.99.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. As a group, equities research analysts forecast that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current fiscal year.

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.