The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,499 shares of the insurance provider’s stock after buying an additional 98 shares during the quarter. The Hartford Financial Services Group makes up about 0.7% of Lifestyle Asset Management Inc.’s holdings, making the stock its 28th biggest holding. Lifestyle Asset Management Inc.’s holdings in The Hartford Financial Services Group were worth $1,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in The Hartford Financial Services Group by 7.1% during the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after acquiring an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in shares of The Hartford Financial Services Group by 3.3% in the third 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 in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at $633,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at $19,005,000. Finally, Citigroup Inc. grew its stake in shares of The Hartford Financial Services Group by 3.5% in the third 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 in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HIG. Keefe, Bruyette & Woods boosted 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. Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets lifted their price target on 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. Finally, StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $110.93 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $113.68 and its two-hundred day moving average is $112.92. The Hartford Financial Services Group, Inc. has a 12-month low of $85.34 and a 12-month high of $124.90. The stock has a market capitalization of $32.16 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.81 and a beta of 0.98.

Insiders Place Their Bets

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’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 in the company, valued at $3,021,972.80. This represents a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

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.