Chevy Chase Trust Holdings LLC Sells 4,980 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Chevy Chase Trust Holdings LLC lessened its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,759 shares of the insurance provider's stock after selling 4,980 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of The Hartford Financial Services Group worth $16,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of The Hartford Financial Services Group by 17.3% during 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 during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of The Hartford Financial Services Group by 2.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider's stock valued at $135,052,000 after acquiring an additional 34,938 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in The Hartford Financial Services Group by 42.1% during 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 buying an additional 277,295 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in 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 buying an additional 709,324 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in 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 worth $816,310,000 after buying an additional 691,900 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upgraded shares of The Hartford Financial Services Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $130.00 to $135.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price 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. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Nine 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 stock. According to MarketBeat.com, The Hartford Financial Services Group currently has an average rating of "Moderate Buy" and an average target price of $122.94.

The Hartford Financial Services Group Stock Up 0.2 %

Shares of The Hartford Financial Services Group stock traded up $0.18 during midday trading on Wednesday, reaching $113.00. 1,659,182 shares of the company's stock traded hands, compared to its average volume of 1,663,421. The company has a market cap of $32.76 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The company's 50 day simple moving average is $110.93 and its 200 day simple moving average is $114.07. 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 52 week low of $92.54 and a 52 week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates 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%. Equities analysts expect that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share 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.