Mirae Asset Global Investments Co. Ltd. Grows Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,559 shares of the insurance provider’s stock after acquiring an additional 5,949 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in The Hartford Financial Services Group were worth $7,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group during the third quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 buying an additional 234 shares during the last quarter. BNP Paribas purchased a new stake in The Hartford Financial Services Group during the 3rd quarter valued at $35,000. Ashton Thomas Securities LLC bought a new stake in The Hartford Financial Services Group in the 3rd quarter worth $40,000. Finally, Y.D. More Investments Ltd increased its position in shares of The Hartford Financial Services Group by 119.9% in the fourth quarter. Y.D. More Investments Ltd now owns 365 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 199 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.0 %

The Hartford Financial Services Group stock opened at $113.52 on Friday. The Hartford Financial Services Group, Inc. has a 12 month low of $89.04 and a 12 month high of $124.90. The company has a market capitalization of $32.91 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.81 and a beta of 0.97. The business’s fifty day simple moving average is $112.10 and its two-hundred day simple moving average is $113.67. 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 (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that The Hartford Financial Services Group, Inc. will post 11.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HIG has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Piper Sandler lifted their price target 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, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, UBS Group lifted their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average 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.