Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 781,126 shares of the insurance provider's stock after selling 9,928 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of The Hartford Financial Services Group worth $85,455,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. DT Investment Partners LLC acquired a new stake in The Hartford Financial Services Group in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider's stock worth $26,000 after buying an additional 234 shares during the last quarter. BNP Paribas purchased a new position in The Hartford Financial Services Group during the third quarter valued at approximately $35,000. Ashton Thomas Securities LLC acquired a new position in The Hartford Financial Services Group in the third quarter valued at approximately $40,000. Finally, Y.D. More Investments Ltd boosted its position in The Hartford Financial Services Group by 119.9% in the 4th 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 in the last quarter. Institutional investors own 93.42% of the company's stock.

Insider Activity

In other news, EVP Adin M. Tooker sold 6,865 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the transaction, the executive vice president now owns 25,820 shares of the company's stock, valued at $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company's stock.

The Hartford Financial Services Group Trading Down 0.4 %

The Hartford Financial Services Group stock traded down $0.48 during trading on Tuesday, reaching $111.48. 1,080,446 shares of the company were exchanged, compared to its average volume of 1,665,816. 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 stock's 50 day simple moving average is $111.72 and its two-hundred day simple moving average is $113.99. The company has a market capitalization of $32.32 billion, a P/E ratio of 10.77, a PEG ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 52-week low of $89.79 and a 52-week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts expect that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HIG shares. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased 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 research note on Wednesday, February 5th. Wells Fargo & Company cut their price target on 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. Piper Sandler raised their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, BMO Capital Markets boosted their price objective on 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.94.

The Hartford Financial Services Group Company 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.