Yousif Capital Management LLC Decreases Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Yousif Capital Management LLC cut its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 46,820 shares of the insurance provider’s stock after selling 2,378 shares during the quarter. Yousif Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $5,122,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Guidance Capital Inc. grew its stake in shares of The Hartford Financial Services Group by 6.9% in the fourth quarter. Guidance Capital Inc. now owns 9,234 shares of the insurance provider’s stock valued at $1,030,000 after buying an additional 596 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in The Hartford Financial Services Group by 12.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 13,100 shares of the insurance provider’s stock worth $1,433,000 after acquiring an additional 1,400 shares during the period. Longboard Asset Management LP acquired a new stake in The Hartford Financial Services Group in the fourth quarter valued at approximately $227,000. Financial Life Planners purchased a new stake in shares of The Hartford Financial Services Group during the fourth quarter valued at approximately $53,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of The Hartford Financial Services Group during the fourth quarter worth $7,396,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hartford Financial Services Group

In related 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 sale, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Price Performance

HIG opened at $113.39 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $112.31 and its 200 day moving average price is $113.68. The Hartford Financial Services Group, Inc. has a fifty-two week low of $89.04 and a fifty-two week high of $124.90. The firm has a market cap of $32.87 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.81 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, sell-side analysts expect that The Hartford Financial Services Group, Inc. will post 11.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HIG shares. JPMorgan Chase & Co. raised their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler boosted their price target on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. BMO Capital Markets raised their price objective on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Finally, Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Nine 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 company has an average rating of “Moderate Buy” and a consensus price target of $122.94.

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.