Y.D. More Investments Ltd Boosts Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Y.D. More Investments Ltd boosted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 119.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 365 shares of the insurance provider’s stock after purchasing an additional 199 shares during the quarter. Y.D. More Investments Ltd’s holdings in The Hartford Financial Services Group were worth $40,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. grew its holdings in The Hartford Financial Services Group by 5.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,574 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 144 shares during the period. Guidance Capital Inc. boosted its position in The Hartford Financial Services Group by 6.9% in the 4th quarter. Guidance Capital Inc. now owns 9,234 shares of the insurance provider’s stock worth $1,030,000 after purchasing an additional 596 shares in the last quarter. E. Ohman J or Asset Management AB grew its stake in shares of The Hartford Financial Services Group by 12.0% during the 4th quarter. E. Ohman J or Asset Management AB now owns 13,100 shares of the insurance provider’s stock worth $1,433,000 after purchasing an additional 1,400 shares during the period. Longboard Asset Management LP purchased a new position in shares of The Hartford Financial Services Group during the 4th quarter valued at approximately $227,000. Finally, Financial Life Planners acquired a new position in shares of The Hartford Financial Services Group in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

HIG opened at $113.39 on Friday. The Hartford Financial Services Group, Inc. has a twelve month low of $89.04 and a twelve month high of $124.90. The firm has a market capitalization of $32.87 billion, a PE ratio of 10.96, a PEG ratio of 0.81 and a beta of 0.97. 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 firm’s 50-day moving average price is $112.31 and its 200 day moving average price is $113.68.

The Hartford Financial Services Group (NYSE:HIG) last issued its earnings results 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 return on equity of 19.55% and a net margin of 11.72%. As a group, sell-side analysts expect that The Hartford Financial Services Group, Inc. will post 11.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HIG has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets raised 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. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company dropped their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Piper Sandler upped their target price on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. Nine equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.94.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group 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.