The Hartford Financial Services Group, Inc. (NYSE:HIG) Stake Boosted by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC increased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,745 shares of the insurance provider’s stock after purchasing an additional 835 shares during the quarter. The Hartford Financial Services Group makes up 1.7% of Summit Place Financial Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Summit Place Financial Advisors LLC’s holdings in The Hartford Financial Services Group were worth $2,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HIG. DT Investment Partners LLC purchased a new position in The Hartford Financial Services Group in the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 234 shares in the last quarter. Barrett & Company Inc. grew its stake in The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 93 shares in the last quarter. BNP Paribas purchased a new position in The Hartford Financial Services Group during the 3rd quarter valued at about $35,000. Finally, Key Financial Inc grew its stake in The Hartford Financial Services Group by 526.3% during the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.6 %

Shares of HIG stock opened at $112.70 on Wednesday. The Hartford Financial Services Group, Inc. has a 12 month low of $92.54 and a 12 month high of $124.90. The firm has a market cap of $32.67 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The stock has a 50 day moving average of $110.94 and a 200-day moving average of $114.04. 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 Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current year.

Analysts Set New Price Targets

HIG has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted 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, February 5th. Piper Sandler lifted their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lowered their price target on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Nine research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.