New York State Teachers Retirement System Sells 25,093 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

New York State Teachers Retirement System lowered its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,529 shares of the insurance provider's stock after selling 25,093 shares during the quarter. New York State Teachers Retirement System owned 0.10% of The Hartford Financial Services Group worth $32,878,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. DT Investment Partners LLC lifted its stake in shares of The Hartford Financial Services Group by 49.8% during the 4th quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider's stock valued at $36,000 after buying an additional 110 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in shares of The Hartford Financial Services Group by 3.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider's stock valued at $337,000 after acquiring an additional 90 shares in the last quarter. G&S Capital LLC boosted its stake in shares of The Hartford Financial Services Group by 113.0% in the fourth quarter. G&S Capital LLC now owns 20,822 shares of the insurance provider's stock worth $2,278,000 after acquiring an additional 11,048 shares during the period. Stanley Laman Group Ltd. grew its position in shares of The Hartford Financial Services Group by 5.0% during the fourth quarter. Stanley Laman Group Ltd. now owns 34,599 shares of the insurance provider's stock worth $3,785,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of The Hartford Financial Services Group by 70.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,739 shares of the insurance provider's stock valued at $14,365,000 after buying an additional 54,224 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on HIG shares. StockNews.com raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Finally, BMO Capital Markets upped their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.94.

The Hartford Financial Services Group Trading Up 0.2 %

Shares of NYSE:HIG traded up $0.18 on Wednesday, hitting $113.00. 1,659,182 shares of the company's stock were exchanged, compared to its average volume of 1,663,421. The stock has a market capitalization 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 Hartford Financial Services Group, Inc. has a 12 month low of $92.54 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 business's 50 day simple moving average is $110.93 and its two-hundred day simple moving average is $114.07.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data 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%. Analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal 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.