FCG Investment Co Sells 828 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

FCG Investment Co trimmed its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,637 shares of the insurance provider’s stock after selling 828 shares during the period. FCG Investment Co’s holdings in The Hartford Financial Services Group were worth $1,492,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HIG. DT Investment Partners LLC bought a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in The Hartford Financial Services Group by 3,342.9% during 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. Clean Yield Group bought a new stake in The Hartford Financial Services Group in the third quarter worth about $33,000. BNP Paribas purchased a new position in The Hartford Financial Services Group in the third quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in The Hartford Financial Services Group in the third quarter valued at about $40,000. 93.42% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the sale, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG opened at $110.93 on Friday. The stock’s 50-day simple moving average is $113.68 and its two-hundred day simple moving average is $112.92. The Hartford Financial Services Group, Inc. has a twelve month low of $85.34 and a twelve month high of $124.90. The firm has a market capitalization of $32.16 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.81 and a beta of 0.98. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Jefferies Financial Group boosted their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group upped their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.28.

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.