Foster & Motley Inc. Sells 924 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Foster & Motley Inc. cut its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,077 shares of the insurance provider’s stock after selling 924 shares during the quarter. The Hartford Financial Services Group accounts for about 0.7% of Foster & Motley Inc.’s portfolio, 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 filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ibex Wealth Advisors acquired a new position in The Hartford Financial Services Group in the 4th quarter worth about $717,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of The Hartford Financial Services Group by 2.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider’s stock worth $135,052,000 after purchasing an additional 34,938 shares during the last quarter. R Squared Ltd acquired a new position in shares of The Hartford Financial Services Group in the fourth quarter valued at approximately $197,000. Stonegate Investment Group LLC increased its stake in shares of The Hartford Financial Services Group by 3.7% in the fourth quarter. Stonegate Investment Group LLC now owns 3,972 shares of the insurance provider’s stock valued at $435,000 after buying an additional 142 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in The Hartford Financial Services Group by 6.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,829 shares of the insurance provider’s stock valued at $318,000 after buying an additional 163 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.1 %

The Hartford Financial Services Group stock opened at $113.52 on Thursday. The company has a market capitalization of $32.91 billion, a PE ratio of 11.37, a PEG ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 12-month low of $85.34 and a 12-month high of $124.90. The firm’s fifty day moving average is $113.30 and its 200 day moving average is $113.35. 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 have weighed in on the stock. Jefferies Financial Group boosted 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 report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective 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. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company cut their target price on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.