Financial Life Planners Purchases New Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Financial Life Planners acquired a new position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) in the 4th quarter, Holdings Channel.com reports. The firm acquired 487 shares of the insurance provider’s stock, valued at approximately $53,000.

Other institutional investors also recently made changes to their positions in the company. DT Investment Partners LLC acquired a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in The Hartford Financial Services Group by 3,342.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock worth $26,000 after buying an additional 234 shares during the period. Clean Yield Group acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth $33,000. BNP Paribas bought a new stake in shares of The Hartford Financial Services Group in the third quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group in the third quarter valued at about $40,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Price Performance

HIG stock opened at $111.51 on Monday. The Hartford Financial Services Group, Inc. has a 1 year low of $85.34 and a 1 year high of $124.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $32.33 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.81 and a beta of 0.97. The company has a 50 day simple moving average of $112.91 and a 200 day simple moving average of $113.55.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. Research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.46 EPS for the current fiscal year.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HIG. Bank of America boosted their price objective on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. BMO Capital Markets upped their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company decreased their price target on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $122.28.

The Hartford Financial Services Group 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.