Legacy Capital Wealth Partners LLC Raises Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Legacy Capital Wealth Partners LLC raised its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 20.4% in the fourth quarter, Holdings Channel reports. The fund owned 5,161 shares of the insurance provider’s stock after buying an additional 876 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in The Hartford Financial Services Group were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HIG. AustralianSuper Pty Ltd lifted its stake in The Hartford Financial Services Group by 265.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider’s stock worth $132,710,000 after acquiring an additional 881,224 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of The Hartford Financial Services Group by 437.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock worth $95,322,000 after buying an additional 709,324 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of The Hartford Financial Services Group by 31,680.4% during the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock worth $816,310,000 after buying an additional 691,900 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock worth $430,272,000 after buying an additional 581,103 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of The Hartford Financial Services Group by 42.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock worth $110,000,000 after buying an additional 277,295 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Down 0.1 %

Shares of The Hartford Financial Services Group stock opened at $112.19 on Monday. The company has a market cap of $32.52 billion, a P/E ratio of 10.84, a PEG ratio of 1.12 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 one year low of $91.64 and a one year high of $124.90. The firm has a fifty day moving average of $111.02 and a two-hundred day moving average of $114.00.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 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%. On average, analysts forecast that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HIG shares. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research 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 stock a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price objective 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. Finally, Wells Fargo & Company decreased their price target on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.94.

The Hartford Financial Services Group Company 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.