Foster & Motley Inc. Has $11.39 Million Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Foster & Motley Inc. decreased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,077 shares of the insurance provider’s stock after selling 924 shares during the period. The Hartford Financial Services Group accounts for approximately 0.7% of Foster & Motley Inc.’s holdings, making the stock its 26th largest position. Foster & Motley Inc.’s holdings in The Hartford Financial Services Group were worth $11,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HIG. Nordea Investment Management AB lifted its stake in The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock valued at $430,272,000 after acquiring an additional 581,103 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of The Hartford Financial Services Group by 2.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider’s stock valued at $135,052,000 after purchasing an additional 34,938 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock valued at $110,000,000 after purchasing an additional 277,295 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in The Hartford Financial Services Group by 437.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock worth $95,322,000 after purchasing an additional 709,324 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in The Hartford Financial Services Group by 31,680.4% during the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock worth $816,310,000 after purchasing an additional 691,900 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Price Performance

Shares of NYSE HIG opened at $113.52 on Thursday. The business has a fifty day moving average price of $113.30 and a two-hundred day moving average price of $113.35. The stock has a market capitalization of $32.91 billion, a PE ratio of 11.37, a P/E/G ratio of 0.81 and a beta of 0.98. 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 Buying and Selling

In related news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group raised 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. Wells Fargo & Company cut their price target 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. BMO Capital Markets upped their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Bank of America raised their target price on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, UBS Group upped their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.