Livforsakringsbolaget Skandia Omsesidigt Sells 500 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,565 shares of the insurance provider’s stock after selling 500 shares during the period. The Hartford Financial Services Group comprises about 0.6% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 29th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Hartford Financial Services Group were worth $12,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont grew its holdings in shares of The Hartford Financial Services Group by 27.9% during the 3rd quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of The Hartford Financial Services Group by 4.0% during the 3rd quarter. Brooklyn Investment Group now owns 2,444 shares of the insurance provider’s stock valued at $287,000 after purchasing an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. boosted its position in The Hartford Financial Services Group by 0.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider’s stock valued at $1,258,000 after buying an additional 98 shares during the period. Catalina Capital Group LLC boosted its position in The Hartford Financial Services Group by 4.3% during the 3rd quarter. Catalina Capital Group LLC now owns 2,488 shares of the insurance provider’s stock valued at $293,000 after buying an additional 102 shares during the period. Finally, Meeder Advisory Services Inc. boosted its position in The Hartford Financial Services Group by 1.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 5,621 shares of the insurance provider’s stock valued at $661,000 after buying an additional 104 shares during the period. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Financial Services Group

In other 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 shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HIG. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a research report on Monday. Bank of America increased their price target 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. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $130.00 to $135.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of 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. Finally, BMO Capital Markets raised their target price on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.94.

The Hartford Financial Services Group Stock Down 0.2 %

NYSE:HIG opened at $113.39 on Friday. The firm has a market cap of $32.87 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.81 and a beta of 0.97. 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 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 50-day simple moving average of $112.31 and a two-hundred day simple moving average of $113.68.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. Analysts predict that The Hartford Financial Services Group, Inc. will post 11.46 earnings per share for the current fiscal year.

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.