The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,654 shares of the insurance provider’s stock after selling 843 shares during the quarter. Huntington National Bank’s holdings in The Hartford Financial Services Group were worth $401,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Guidance Capital Inc. acquired a new position in shares of The Hartford Financial Services Group during the 2nd quarter valued at $514,000. Signaturefd LLC lifted its holdings in The Hartford Financial Services Group by 24.8% in the 2nd quarter. Signaturefd LLC now owns 4,576 shares of the insurance provider’s stock worth $330,000 after buying an additional 910 shares in the last quarter. Private Trust Co. NA lifted its holdings in The Hartford Financial Services Group by 79.5% in the 2nd quarter. Private Trust Co. NA now owns 2,527 shares of the insurance provider’s stock worth $182,000 after buying an additional 1,119 shares in the last quarter. Forsta AP Fonden lifted its holdings in The Hartford Financial Services Group by 98.7% in the 2nd quarter. Forsta AP Fonden now owns 124,000 shares of the insurance provider’s stock worth $8,930,000 after buying an additional 61,600 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in The Hartford Financial Services Group by 7.5% in the 3rd quarter. Amalgamated Bank now owns 85,139 shares of the insurance provider’s stock worth $6,037,000 after buying an additional 5,911 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of The Hartford Financial Services Group from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. JPMorgan Chase & Co. lowered shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $94.00 to $91.00 in a report on Monday, January 8th. Raymond James boosted their target price on shares of The Hartford Financial Services Group from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. UBS Group boosted their target price on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada boosted their target price on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.60.

Get Our Latest Research Report on The Hartford Financial Services Group

The Hartford Financial Services Group Trading Up 1.2 %

The Hartford Financial Services Group stock opened at $90.81 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $82.94 and a two-hundred day moving average price of $76.47. The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.30 and a beta of 0.87. The Hartford Financial Services Group, Inc. has a 52-week low of $64.25 and a 52-week high of $91.85.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.62. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $5.84 billion. During the same period in the prior year, the business posted $2.31 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts expect that The Hartford Financial Services Group, Inc. will post 9.99 earnings per share for the current year.

Insider Activity at The Hartford Financial Services Group

In other news, EVP David C. Robinson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the sale, the executive vice president now owns 8,201 shares in the company, valued at $735,137.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP David C. Robinson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total transaction of $1,344,600.00. Following the sale, the executive vice president now owns 8,201 shares in the company, valued at $735,137.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 69,248 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $78.09, for a total transaction of $5,407,576.32. Following the sale, the chief executive officer now owns 170,180 shares in the company, valued at approximately $13,289,356.20. The disclosure for this sale can be found here. Insiders sold a total of 339,050 shares of company stock valued at $28,069,037 over the last ninety days. Insiders own 1.80% of the company’s stock.

The Hartford Financial Services Group Company Profile

(Free Report)

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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