Lifestyle Asset Management Inc. Increases Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Lifestyle Asset Management Inc. grew its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,499 shares of the insurance provider’s stock after buying an additional 98 shares during the period. The Hartford Financial Services Group accounts for 0.7% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 28th biggest holding. Lifestyle Asset Management Inc.’s holdings in The Hartford Financial Services Group were worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in The Hartford Financial Services Group by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after acquiring an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its holdings in The Hartford Financial Services Group by 3.3% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock valued at $16,172,000 after acquiring an additional 4,449 shares during the period. Lecap Asset Management Ltd. purchased a new position in The Hartford Financial Services Group during the 3rd quarter valued at $633,000. Zurich Insurance Group Ltd FI purchased a new position in The Hartford Financial Services Group during the 3rd quarter valued at $19,005,000. Finally, Citigroup Inc. boosted its holdings in The Hartford Financial Services Group by 3.5% during the 3rd quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider’s stock valued at $37,029,000 after acquiring an additional 10,566 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HIG. JPMorgan Chase & Co. upped 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. Bank of America boosted their price target on 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. Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. UBS Group boosted their price target on The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets upped their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.28.

The Hartford Financial Services Group Trading Down 0.6 %

Shares of HIG opened at $110.93 on Friday. The firm’s fifty day moving average is $113.68 and its two-hundred day moving average is $112.92. The stock has a market cap of $32.16 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group, Inc. has a 52-week low of $85.34 and a 52-week high of $124.90.

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.