The Hartford Financial Services Group, Inc. (NYSE:HIG) Holdings Decreased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC reduced its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,596 shares of the insurance provider’s stock after selling 113 shares during the period. New Wave Wealth Advisors LLC’s holdings in The Hartford Financial Services Group were worth $175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. DT Investment Partners LLC purchased a new stake in shares of The Hartford Financial Services Group during the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 worth $26,000 after purchasing an additional 234 shares during the last quarter. Clean Yield Group purchased a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth about $33,000. BNP Paribas acquired a new stake in shares of The Hartford Financial Services Group during the 3rd quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HIG shares. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Wells Fargo & Company reduced their price objective on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group raised their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus target price of $122.28.

Insider Activity

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction 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 sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Stock Performance

NYSE HIG opened at $111.51 on Friday. The company’s fifty day moving average is $113.09 and its two-hundred day moving average is $113.35. The Hartford Financial Services Group, Inc. has a 52-week low of $85.34 and a 52-week high of $124.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.82 and a beta of 0.98.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 20.35% and a net margin of 11.62%. Equities research analysts forecast that The Hartford Financial Services Group, Inc. will post 10.06 EPS for the current 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.