Mutual of America Capital Management LLC Sells 1,736 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Mutual of America Capital Management LLC cut its position in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,912 shares of the insurance provider’s stock after selling 1,736 shares during the period. Mutual of America Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $5,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HIG. Guidance Capital Inc. bought a new stake in shares of The Hartford Financial Services Group during the second quarter valued at approximately $514,000. Signaturefd LLC raised its holdings in The Hartford Financial Services Group by 24.8% during the second quarter. Signaturefd LLC now owns 4,576 shares of the insurance provider’s stock worth $330,000 after buying an additional 910 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of The Hartford Financial Services Group by 79.5% in the second quarter. Private Trust Co. NA now owns 2,527 shares of the insurance provider’s stock valued at $182,000 after buying an additional 1,119 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of The Hartford Financial Services Group by 98.7% during the second quarter. Forsta AP Fonden now owns 124,000 shares of the insurance provider’s stock valued at $8,930,000 after buying an additional 61,600 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of The Hartford Financial Services Group by 7.5% during the third quarter. Amalgamated Bank now owns 85,139 shares of the insurance provider’s stock valued at $6,037,000 after buying an additional 5,911 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HIG. Raymond James upped their target price on shares of The Hartford Financial Services Group from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. downgraded The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $94.00 to $91.00 in a research note on Monday, January 8th. UBS Group lifted their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Piper Sandler increased their price target on The Hartford Financial Services Group from $97.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, Morgan Stanley raised their price objective on The Hartford Financial Services Group from $76.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.60.

View Our Latest Analysis on HIG

Insider Transactions at The Hartford Financial Services Group

In related news, SVP Allison G. Niderno sold 1,332 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total value of $119,533.68. Following the completion of the transaction, the senior vice president now directly owns 630 shares in the company, valued at approximately $56,536.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,332 shares of The Hartford Financial Services Group stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $89.74, for a total transaction of $119,533.68. Following the completion of the transaction, the senior vice president now owns 630 shares of the company’s stock, valued at approximately $56,536.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Swift sold 956 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $86.00, for a total transaction of $82,216.00. Following the completion of the sale, the chief executive officer now directly owns 170,180 shares in the company, valued at $14,635,480. The disclosure for this sale can be found here. Insiders sold 339,050 shares of company stock worth $28,069,037 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

The Hartford Financial Services Group Trading Up 1.2 %

Shares of HIG stock opened at $90.81 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $27.31 billion, a P/E ratio of 11.37, a PEG ratio of 1.30 and a beta of 0.87. The company has a 50 day moving average of $82.94 and a 200-day moving average of $76.48. The Hartford Financial Services Group, Inc. has a 12-month low of $64.25 and a 12-month high of $91.85.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.62. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The firm had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 9.99 earnings per share for the current year.

About The Hartford Financial Services Group

(Free Report)

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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