MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 9,256 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 28.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,732 shares of the insurance provider’s stock after selling 9,256 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in The Hartford Financial Services Group were worth $2,593,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC grew its position in The Hartford Financial Services Group by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock valued at $13,063,000 after purchasing an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in shares of The Hartford Financial Services Group by 3.3% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock valued at $16,172,000 after buying an additional 4,449 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of The Hartford Financial Services Group during the third quarter valued at approximately $633,000. Zurich Insurance Group Ltd FI purchased a new position in The Hartford Financial Services Group in the 3rd quarter worth approximately $19,005,000. Finally, Citigroup Inc. lifted its position in The Hartford Financial Services Group by 3.5% in the 3rd quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider’s stock valued at $37,029,000 after acquiring an additional 10,566 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HIG. BMO Capital Markets boosted their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lowered their target price on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of 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. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group lifted their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Nine investment 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.28.

The Hartford Financial Services Group Stock Performance

HIG opened at $110.93 on Friday. The company has a 50 day simple moving average of $113.68 and a two-hundred day simple moving average of $112.92. 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 firm has a market cap of $32.16 billion, a P/E ratio of 11.11, a PEG ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 1-year low of $85.34 and a 1-year high of $124.90.

Insider Buying and Selling

In related news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 sale, the executive vice president now owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

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.