CX Institutional Acquires 131 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

CX Institutional increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,714 shares of the insurance provider’s stock after buying an additional 131 shares during the period. CX Institutional’s holdings in The Hartford Financial Services Group were worth $625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new position in The Hartford Financial Services Group in the 2nd quarter valued at $2,755,000. MBB Public Markets I LLC boosted its holdings in The Hartford Financial Services Group by 877.5% in the 2nd quarter. MBB Public Markets I LLC now owns 20,830 shares of the insurance provider’s stock valued at $2,094,000 after purchasing an additional 18,699 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in The Hartford Financial Services Group by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 357,259 shares of the insurance provider’s stock valued at $35,919,000 after purchasing an additional 5,149 shares during the period. Creative Planning boosted its holdings in The Hartford Financial Services Group by 9.6% in the 2nd quarter. Creative Planning now owns 76,868 shares of the insurance provider’s stock valued at $7,728,000 after purchasing an additional 6,734 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in The Hartford Financial Services Group in the 2nd quarter valued at $226,000. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Stock Up 0.5 %

HIG opened at $111.46 on Friday. The company has a market cap 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 business’s 50-day moving average price is $113.44 and its 200-day moving average price is $112.99. 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 Hartford Financial Services Group, Inc. has a 12 month low of $85.34 and a 12 month high of $124.90.

Analyst Ratings Changes

Several brokerages have commented on HIG. Jefferies Financial Group raised their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. 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. Bank of America raised their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced 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. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.28.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction dated 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 directly owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

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.