The Hartford Financial Services Group, Inc. (NYSE:HIG) Holdings Cut by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,687 shares of the insurance provider’s stock after selling 1,364 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in The Hartford Financial Services Group were worth $3,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of The Hartford Financial Services Group by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock valued at $13,063,000 after purchasing an additional 7,350 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in The Hartford Financial Services Group by 3.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock valued at $16,172,000 after buying an additional 4,449 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at $633,000. Zurich Insurance Group Ltd FI acquired a new position in The Hartford Financial Services Group in the 3rd quarter valued at $19,005,000. Finally, Citigroup Inc. grew its stake in The Hartford Financial Services Group by 3.5% in the 3rd quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider’s stock valued at $37,029,000 after buying an additional 10,566 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HIG shares. StockNews.com upgraded shares of 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 shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised 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 research report on Wednesday, November 27th. UBS Group raised their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Bank of America raised their price target on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Nine research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.28.

The Hartford Financial Services Group Trading Up 0.5 %

Shares of HIG stock opened at $111.46 on Friday. The Hartford Financial Services Group, Inc. has a 12-month low of $85.34 and a 12-month high of $124.90. The company has a market capitalization of $32.31 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.81 and a beta of 0.98. The firm has a 50-day moving average price of $113.44 and a 200 day moving average price of $112.99. 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 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.