The Hartford Financial Services Group, Inc. (NYSE:HIG) Stake Reduced by Swedbank AB

Swedbank AB reduced its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,745 shares of the insurance provider’s stock after selling 45,137 shares during the quarter. Swedbank AB owned about 0.18% of The Hartford Financial Services Group worth $56,641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont increased its holdings in shares of 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 purchasing an additional 88 shares during the period. Brooklyn Investment Group boosted its stake 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 buying an additional 94 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in The Hartford Financial Services Group by 0.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider’s stock valued at $1,258,000 after buying an additional 98 shares in the last quarter. Catalina Capital Group LLC boosted its stake in The Hartford Financial Services Group by 4.3% during the third quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider’s stock valued at $293,000 after buying an additional 102 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in The Hartford Financial Services Group by 1.9% during the third quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock valued at $661,000 after buying an additional 104 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HIG shares. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America raised their price target on 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, Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Nine research 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, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and an average target price of $122.28.

The Hartford Financial Services Group Stock Up 0.1 %

HIG stock opened at $113.52 on Thursday. 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 stock has a market capitalization of $32.91 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.81 and a beta of 0.98. The business has a 50-day moving average of $113.30 and a 200-day moving average of $113.35. The Hartford Financial Services Group, Inc. has a fifty-two week low of $85.34 and a fifty-two week high of $124.90.

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.