Swedbank AB Sells 45,137 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Swedbank AB lessened its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 517,745 shares of the insurance provider’s stock after selling 45,137 shares during the period. Swedbank AB’s holdings in The Hartford Financial Services Group were worth $56,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont raised its stake in The Hartford Financial Services Group by 27.9% in the third quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider’s stock valued at $47,000 after buying an additional 88 shares during the period. Brooklyn Investment Group raised its stake in The Hartford Financial Services Group by 4.0% in 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 during the period. Lifestyle Asset Management Inc. raised its stake in The Hartford Financial Services Group by 0.9% in 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 during the period. Catalina Capital Group LLC raised its stake in The Hartford Financial Services Group by 4.3% in 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 during the period. Finally, Meeder Advisory Services Inc. raised its stake in The Hartford Financial Services Group by 1.9% in 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 during the period. Institutional investors own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

HIG has been the topic of several research analyst reports. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Wells Fargo & Company lowered 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 research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on 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. Finally, Keefe, Bruyette & Woods increased 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 note on Friday, January 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

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 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 can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.1 %

Shares of NYSE:HIG opened at $113.52 on Thursday. The business’s 50 day simple moving average is $113.30 and its 200 day simple moving average is $113.35. The company 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 Hartford Financial Services Group, Inc. has a 1 year low of $85.34 and a 1 year high of $124.90. 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 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.