Oppenheimer & Co. Inc. Buys 700 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Oppenheimer & Co. Inc. grew its stake in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,091 shares of the insurance provider’s stock after buying an additional 700 shares during the period. Oppenheimer & Co. Inc.’s holdings in The Hartford Financial Services Group were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIG. Cambridge Investment Research Advisors Inc. raised its holdings in shares of The Hartford Financial Services Group by 7.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock worth $1,271,000 after buying an additional 1,185 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of The Hartford Financial Services Group by 9.1% in the first quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock worth $284,000 after acquiring an additional 330 shares during the period. Prudential PLC acquired a new stake in shares of The Hartford Financial Services Group in the first quarter worth $674,000. Cetera Investment Advisers increased its stake in shares of The Hartford Financial Services Group by 88.6% in the first quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock worth $807,000 after acquiring an additional 5,278 shares during the period. Finally, Zions Bancorporation N.A. increased its stake in shares of The Hartford Financial Services Group by 235.4% in the first quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock worth $77,000 after acquiring an additional 751 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Roth Mkm increased their price objective on shares of The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. UBS Group lifted their price objective on shares of The Hartford Financial Services Group from $100.00 to $107.00 and gave the company a “buy” rating in a report on Monday, February 5th. Morgan Stanley lifted their price objective on shares of The Hartford Financial Services Group from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Wells Fargo & Company cut their price objective 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. Finally, Raymond James lifted their price objective on shares of The Hartford Financial Services Group from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Read Our Latest Report on HIG

Insider Buying and Selling

In related news, SVP Allison G. Niderno sold 1,332 shares of the business’s 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 transaction, the senior vice president now directly owns 630 shares in the company, valued at $56,536.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Hartford Financial Services Group news, EVP David C. Robinson sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $89.64, for a total value of $1,344,600.00. Following the transaction, the executive vice president now directly owns 8,201 shares in the company, valued at approximately $735,137.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Allison G. Niderno sold 1,332 shares of the business’s 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 transaction, the senior vice president now owns 630 shares in the company, valued at $56,536.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 339,050 shares of company stock worth $28,069,037. 2.00% of the stock is owned by insiders.

The Hartford Financial Services Group Stock Up 0.2 %

HIG stock opened at $91.02 on Tuesday. The stock has a market capitalization of $27.38 billion, a P/E ratio of 11.39, a P/E/G 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 $91.91. The firm has a 50-day simple moving average of $83.18 and a 200-day simple moving average of $76.58. 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 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 firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $5.84 billion. The Hartford Financial Services Group had a net margin of 10.21% and a return on equity of 19.82%. The Hartford Financial Services Group’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. Equities analysts forecast that The Hartford Financial Services Group, Inc. will post 9.99 earnings per share for the current fiscal year.

The Hartford Financial Services Group 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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