Lecap Asset Management Ltd. Has $2.39 Million Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Lecap Asset Management Ltd. increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 306.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,865 shares of the insurance provider’s stock after purchasing an additional 16,486 shares during the quarter. Lecap Asset Management Ltd.’s holdings in The Hartford Financial Services Group were worth $2,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. DT Investment Partners LLC acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 234 shares in the last quarter. BNP Paribas bought a new position in The Hartford Financial Services Group during the third quarter worth about $35,000. Ashton Thomas Securities LLC acquired a new stake in The Hartford Financial Services Group during the third quarter valued at approximately $40,000. Finally, Y.D. More Investments Ltd grew its stake in shares of The Hartford Financial Services Group by 119.9% in the 4th quarter. Y.D. More Investments Ltd now owns 365 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Down 0.2 %

HIG stock opened at $113.39 on Friday. The firm has a fifty day moving average price of $112.31 and a 200 day moving average price of $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 company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $32.87 billion, a PE 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 released its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on HIG shares. Bank of America upped 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. UBS Group raised their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets upped their target price 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. Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.94.

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 that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.