YHB Investment Advisors Inc. lowered its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG – Free Report) by 6.6% in the fourth quarter, HoldingsChannel reports. The fund owned 2,474 shares of the insurance provider’s stock after selling 175 shares during the period. YHB Investment Advisors Inc.’s holdings in The Hartford Financial Services Group were worth $271,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. DT Investment Partners LLC bought a new stake in shares of The Hartford Financial Services Group in the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in The Hartford Financial Services Group by 3,342.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock worth $26,000 after buying an additional 234 shares during the last quarter. Clean Yield Group bought a new stake in The Hartford Financial Services Group during the third quarter worth $33,000. BNP Paribas bought a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth about $40,000. 93.42% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on HIG shares. Jefferies Financial Group raised their target price on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their price objective on shares of 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. Bank of America increased their target price on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.28.
The Hartford Financial Services Group Price Performance
The Hartford Financial Services Group stock opened at $113.46 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a 52 week low of $85.34 and a 52 week high of $124.90. The stock has a market capitalization of $32.89 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The stock has a fifty day moving average of $113.36 and a 200-day moving average of $113.26.
Insider Buying and Selling at The Hartford Financial Services Group
In other news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.
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.
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