Skandinaviska Enskilda Banken AB publ Lowers Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Skandinaviska Enskilda Banken AB publ lessened its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 23.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,496 shares of the insurance provider’s stock after selling 36,529 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in The Hartford Financial Services Group were worth $8,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Penserra Capital Management LLC raised its stake in The Hartford Financial Services Group by 8.4% in the fourth quarter. Penserra Capital Management LLC now owns 1,715 shares of the insurance provider’s stock valued at $129,000 after buying an additional 133 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of The Hartford Financial Services Group by 2.4% during the third quarter. Proficio Capital Partners LLC now owns 5,857 shares of the insurance provider’s stock worth $415,000 after purchasing an additional 137 shares during the period. Simplicity Solutions LLC lifted its holdings in shares of The Hartford Financial Services Group by 2.7% during the second quarter. Simplicity Solutions LLC now owns 5,711 shares of the insurance provider’s stock worth $411,000 after purchasing an additional 148 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of The Hartford Financial Services Group by 1.5% during the third quarter. Moors & Cabot Inc. now owns 10,490 shares of the insurance provider’s stock worth $744,000 after purchasing an additional 150 shares during the period. Finally, Toroso Investments LLC lifted its holdings in shares of The Hartford Financial Services Group by 3.8% during the first quarter. Toroso Investments LLC now owns 4,293 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 159 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on HIG shares. TD Cowen started coverage on The Hartford Financial Services Group in a report on Wednesday, January 10th. They set an “outperform” rating for the company. Wells Fargo & Company reduced their price target on The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Piper Sandler lifted their price target on The Hartford Financial Services Group from $97.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. cut The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $94.00 to $91.00 in a research report on Monday, January 8th. Finally, Oppenheimer initiated coverage on The Hartford Financial Services Group in a research report on Thursday, November 16th. They set a “market perform” rating for the company. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and an average target price of $90.60.

Read Our Latest Report on HIG

The Hartford Financial Services Group Stock Up 1.2 %

The Hartford Financial Services Group stock opened at $90.81 on Monday. The stock has a market capitalization of $27.31 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. The Hartford Financial Services Group, Inc. has a 12 month low of $64.25 and a 12 month high of $91.85. The business has a 50 day simple moving average of $82.94 and a 200-day simple moving average of $76.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.32 and a quick ratio of 0.31.

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

Insider Buying and Selling

In related news, SVP Allison G. Niderno sold 1,332 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Allison G. Niderno sold 1,332 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 69,248 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $78.09, for a total value of $5,407,576.32. Following the transaction, the chief executive officer now directly owns 170,180 shares in the company, valued at approximately $13,289,356.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 339,050 shares of company stock worth $28,069,037. 2.00% of the stock is owned by corporate insiders.

About The Hartford Financial Services Group

(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.

Read More

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report).

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

Receive News & Ratings for The Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.