Swedbank AB Has $56.64 Million Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Swedbank AB decreased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 517,745 shares of the insurance provider's stock after selling 45,137 shares during the period. Swedbank AB owned 0.18% of The Hartford Financial Services Group worth $56,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont raised its holdings in The Hartford Financial Services Group by 27.9% during the third quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider's stock valued at $47,000 after buying an additional 88 shares in the last quarter. Brooklyn Investment Group grew its holdings in The Hartford Financial Services Group by 4.0% during the third quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider's stock valued at $287,000 after purchasing an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in shares of The Hartford Financial Services Group by 0.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider's stock valued at $1,258,000 after purchasing an additional 98 shares during the period. Catalina Capital Group LLC lifted its stake in shares of The Hartford Financial Services Group by 4.3% in the third quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider's stock worth $293,000 after buying an additional 102 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of The Hartford Financial Services Group by 1.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider's stock worth $661,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on The Hartford Financial Services Group from $134.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. UBS Group boosted their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Bank of America upped their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $122.28.

The Hartford Financial Services Group Trading Up 0.3 %

Shares of The Hartford Financial Services Group stock traded up $0.35 during midday trading on Thursday, reaching $113.85. The company had a trading volume of 493,847 shares, compared to its average volume of 1,471,611. The firm has a market cap of $33.00 billion, a PE ratio of 11.41, a P/E/G ratio of 0.81 and a beta of 0.98. The stock has a fifty day moving average price of $113.20 and a 200 day moving average price of $113.35. 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 Hartford Financial Services Group, Inc. has a fifty-two week low of $85.34 and a fifty-two week high of $124.90.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm'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 sale, the executive vice president now owns 25,820 shares of the company's stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company's stock.

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.