The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,010 shares of the insurance provider’s stock after selling 4,033 shares during the quarter. Asset Management One Co. Ltd.’s holdings in The Hartford Financial Services Group were worth $15,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HIG. DT Investment Partners LLC acquired a new position in shares of The Hartford Financial Services Group during the third quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in The Hartford Financial Services Group by 3,342.9% in the 4th 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 period. Barrett & Company Inc. increased its holdings in The Hartford Financial Services Group by 46.5% in the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock worth $32,000 after buying an additional 93 shares during the period. BNP Paribas acquired a new position in The Hartford Financial Services Group in the 3rd quarter worth approximately $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in The Hartford Financial Services Group in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Down 0.1 %

Shares of NYSE:HIG opened at $112.19 on Friday. The Hartford Financial Services Group, Inc. has a 1 year low of $91.64 and a 1 year high of $124.90. The firm has a market capitalization of $32.52 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The business’s 50 day moving average price is $111.02 and its 200-day moving average price is $113.98.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. On average, equities research analysts forecast that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on HIG. Keefe, Bruyette & Woods increased their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased 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 report on Friday, October 25th. BMO Capital Markets increased 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Finally, Piper Sandler raised their price objective on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $122.94.

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.