Mitsubishi UFJ Trust & Banking Corp Decreases Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 335,380 shares of the insurance provider’s stock after selling 14,610 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in The Hartford Financial Services Group were worth $23,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HIG. Aptus Capital Advisors LLC acquired a new position in The Hartford Financial Services Group during the 3rd quarter worth approximately $215,000. State Board of Administration of Florida Retirement System grew its holdings in The Hartford Financial Services Group by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 407,257 shares of the insurance provider’s stock worth $28,879,000 after acquiring an additional 1,336 shares in the last quarter. HighTower Advisors LLC grew its holdings in The Hartford Financial Services Group by 12.1% during the 3rd quarter. HighTower Advisors LLC now owns 45,844 shares of the insurance provider’s stock worth $3,256,000 after acquiring an additional 4,962 shares in the last quarter. Pathstone Family Office LLC grew its holdings in The Hartford Financial Services Group by 118.6% during the 3rd quarter. Pathstone Family Office LLC now owns 11,762 shares of the insurance provider’s stock worth $836,000 after acquiring an additional 6,381 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in The Hartford Financial Services Group by 12.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 37,446 shares of the insurance provider’s stock worth $2,655,000 after acquiring an additional 4,154 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the subject of several research analyst reports. Piper Sandler upped their target price on shares of The Hartford Financial Services Group from $97.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. cut shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $94.00 to $91.00 in a report on Monday, January 8th. Wells Fargo & Company lowered their target price on shares of The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. Oppenheimer began coverage on shares of The Hartford Financial Services Group in a report on Thursday, November 16th. They issued a “market perform” rating for the company. Finally, Royal Bank of Canada upped their price target on shares of The Hartford Financial Services Group from $77.00 to $95.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Check Out Our Latest Analysis on The Hartford Financial Services Group

Insider Transactions at The Hartford Financial Services Group

In other news, SVP Allison G. Niderno sold 1,332 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total transaction of $119,533.68. Following the transaction, the senior vice president now directly owns 630 shares of the company’s stock, valued at approximately $56,536.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Christopher Swift sold 94,807 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $86.65, for a total value of $8,215,026.55. Following the sale, the chief executive officer now directly owns 170,180 shares of the company’s stock, valued at approximately $14,746,097. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Allison G. Niderno sold 1,332 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $89.74, for a total transaction of $119,533.68. Following the completion of the sale, the senior vice president now directly owns 630 shares in the company, valued at $56,536.20. The disclosure for this sale can be found here. Insiders have sold a total of 339,050 shares of company stock valued at $28,069,037 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

The Hartford Financial Services Group Stock Up 1.2 %

Shares of The Hartford Financial Services Group stock opened at $90.81 on Monday. The company has a market cap of $27.31 billion, a P/E ratio of 11.37, a PEG ratio of 1.30 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a one year low of $64.25 and a one year high of $91.85. The firm has a fifty day moving average of $82.94 and a two-hundred day moving average of $76.48.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted 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 business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the prior year, the company posted $2.31 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts forecast that The Hartford Financial Services Group, Inc. will post 9.99 earnings per share for the current year.

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.

Further Reading

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

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