SteelPeak Wealth LLC cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 40.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,228 shares of the insurance provider's stock after selling 6,977 shares during the period. SteelPeak Wealth LLC's holdings in The Hartford Financial Services Group were worth $1,129,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of HIG. Assenagon Asset Management S.A. boosted its holdings in shares of The Hartford Financial Services Group by 437.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider's stock valued at $95,322,000 after purchasing an additional 709,324 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of The Hartford Financial Services Group by 31,680.4% during the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock valued at $816,310,000 after buying an additional 691,900 shares during the period. Nordea Investment Management AB boosted its position in The Hartford Financial Services Group by 17.3% in the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after buying an additional 581,103 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in The Hartford Financial Services Group by 42.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock worth $110,000,000 after acquiring an additional 277,295 shares during the period. Finally, Verition Fund Management LLC grew its stake in The Hartford Financial Services Group by 7,564.9% in the third quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider's stock valued at $29,243,000 after purchasing an additional 245,404 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at The Hartford Financial Services Group
In related news, EVP Adin M. Tooker sold 6,865 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on HIG shares. Wells Fargo & Company dropped their price objective on shares of 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. JPMorgan Chase & Co. raised their price target on shares of 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. UBS Group boosted their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Finally, StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Nine investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $122.28.
Check Out Our Latest Research Report on The Hartford Financial Services Group
The Hartford Financial Services Group Stock Up 0.6 %
The Hartford Financial Services Group stock traded up $0.69 during midday trading on Thursday, hitting $114.19. 1,546,043 shares of the company were exchanged, compared to its average volume of 1,528,086. The company's fifty day moving average price is $113.20 and its 200-day moving average price is $113.35. The Hartford Financial Services Group, Inc. has a fifty-two week low of $85.34 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $33.10 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98.
The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating 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%. On average, research analysts predict that The Hartford Financial Services Group, Inc. will post 10.06 EPS for the current fiscal year.
About The Hartford Financial Services Group
(
Free Report)
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.
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