G&S Capital LLC Grows Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

G&S Capital LLC raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 113.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,822 shares of the insurance provider's stock after acquiring an additional 11,048 shares during the quarter. G&S Capital LLC's holdings in The Hartford Financial Services Group were worth $2,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in 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 period. International Assets Investment Management LLC lifted its stake in The Hartford Financial Services Group by 31,680.4% in the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider's stock worth $816,310,000 after acquiring an additional 691,900 shares during the period. Nordea Investment Management AB boosted its holdings in The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider's stock valued at $430,272,000 after acquiring an additional 581,103 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in The Hartford Financial Services Group by 42.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider's stock valued at $110,000,000 after purchasing an additional 277,295 shares during the period. Finally, Verition Fund Management LLC raised its holdings 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 purchasing an additional 245,404 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Stock Down 0.1 %

Shares of NYSE:HIG traded down $0.09 during trading on Monday, reaching $112.19. 1,848,544 shares of the stock traded hands, compared to its average volume of 1,756,333. The Hartford Financial Services Group, Inc. has a 52-week low of $91.64 and a 52-week high of $124.90. The stock has a market cap of $32.52 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The stock has a 50-day moving average of $111.02 and a two-hundred day moving average of $114.02. 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 (NYSE:HIG - Get Free Report) last posted its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS 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%. As a group, sell-side analysts expect that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research reports. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. BMO Capital Markets increased 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. StockNews.com upgraded The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company reduced their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, nine have issued 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 a consensus target price of $122.94.

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.