Yousif Capital Management LLC Lowers Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Yousif Capital Management LLC trimmed its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,820 shares of the insurance provider’s stock after selling 2,378 shares during the period. Yousif Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $5,122,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. DT Investment Partners LLC acquired a new stake in The Hartford Financial Services Group in the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 234 shares in the last quarter. BNP Paribas acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at about $35,000. Ashton Thomas Securities LLC purchased a new stake in The Hartford Financial Services Group during the third quarter worth about $40,000. Finally, Trust Co. of Vermont grew its position in The Hartford Financial Services Group by 27.9% during the third quarter. Trust Co. of Vermont now owns 403 shares of the insurance provider’s stock worth $47,000 after buying an additional 88 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $113.39 on Friday. The business’s 50-day moving average price is $112.31 and its 200 day moving average price is $113.68. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The Hartford Financial Services Group, Inc. has a twelve month low of $89.04 and a twelve month high of $124.90. The company has a market capitalization 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 announced its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts predict that The Hartford Financial Services Group, Inc. will post 11.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of research reports. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Bank of America raised their price target on 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. Wells Fargo & Company decreased their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Piper Sandler raised their target price on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, The Hartford Financial Services Group currently has a consensus rating of “Moderate Buy” and an average price target 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.