The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 33.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,055 shares of the insurance provider's stock after selling 16,312 shares during the period. State of Alaska Department of Revenue's holdings in The Hartford Financial Services Group were worth $3,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after acquiring an additional 234 shares during the last quarter. BNP Paribas purchased a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth about $35,000. Ashton Thomas Securities LLC bought a new position in The Hartford Financial Services Group during the 3rd quarter valued at about $40,000. Finally, Y.D. More Investments Ltd lifted its stake in The Hartford Financial Services Group by 119.9% in the fourth quarter. Y.D. More Investments Ltd now owns 365 shares of the insurance provider's stock worth $40,000 after purchasing an additional 199 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on HIG shares. Barclays raised The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $130.00 to $135.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped 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 report on Friday, October 25th. BMO Capital Markets lifted their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. Piper Sandler upped their price target on shares of 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Nine research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.94.

Insider Activity at The Hartford Financial Services Group

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 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 completion of the sale, the executive vice president now owns 25,820 shares of the company's stock, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Stock Down 0.4 %

HIG traded down $0.48 during trading on Tuesday, hitting $111.48. The stock had a trading volume of 744,685 shares, compared to its average volume of 1,659,674. The stock has a 50 day simple moving average of $111.72 and a two-hundred day simple moving average of $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, Inc. has a twelve month low of $89.79 and a twelve month high of $124.90. The company has a market capitalization of $32.32 billion, a PE ratio of 10.77, a PEG ratio of 1.12 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts predict that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current year.

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.