Forsta AP Fonden grew its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,500 shares of the insurance provider’s stock after acquiring an additional 100 shares during the quarter. Forsta AP Fonden’s holdings in The Hartford Financial Services Group were worth $12,745,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIG. Assenagon Asset Management S.A. increased its stake 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 acquiring an additional 709,324 shares during the last quarter. International Assets Investment Management LLC increased its stake 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 acquiring an additional 691,900 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of 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 buying an additional 581,103 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of The Hartford Financial Services Group by 42.1% in the third 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 buying an additional 277,295 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of The Hartford Financial Services Group by 7,564.9% in the third quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider’s stock valued at $29,243,000 after buying an additional 245,404 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lowered their target price on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. UBS Group increased their target price on 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. Keefe, Bruyette & Woods increased 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. Finally, Bank of America increased their target price on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Nine equities research 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 company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.
Insider Buying and Selling
In related 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 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 SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.
The Hartford Financial Services Group Trading Up 0.1 %
NYSE:HIG opened at $113.52 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $113.30 and its two-hundred day moving average is $113.35. The Hartford Financial Services Group, Inc. has a 52 week low of $85.34 and a 52 week high of $124.90. The company has a market cap of $32.91 billion, a PE ratio of 11.37, a P/E/G ratio of 0.81 and a beta of 0.98.
About The Hartford Financial Services Group
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.
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