The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC lessened its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,199 shares of the insurance provider’s stock after selling 252 shares during the period. AlphaCentric Advisors LLC’s holdings in The Hartford Financial Services Group were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC lifted its holdings in The Hartford Financial Services Group by 7.1% in the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock valued at $13,063,000 after acquiring an additional 7,350 shares during the period. Dai ichi Life Insurance Company Ltd lifted its stake in shares of The Hartford Financial Services Group by 3.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock valued at $16,172,000 after purchasing an additional 4,449 shares during the period. Lecap Asset Management Ltd. acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $633,000. Zurich Insurance Group Ltd FI purchased a new stake in The Hartford Financial Services Group during the third quarter worth $19,005,000. Finally, Citigroup Inc. increased its holdings in The Hartford Financial Services Group by 3.5% in the third quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider’s stock valued at $37,029,000 after buying an additional 10,566 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Down 0.1 %

Shares of The Hartford Financial Services Group stock opened at $112.19 on Monday. 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’s 50 day simple moving average is $111.02 and its 200-day simple moving average is $114.00. The stock has a market cap of $32.52 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 1-year low of $91.64 and a 1-year high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping 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%. Analysts predict that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HIG. JPMorgan Chase & Co. increased their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price target on The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $135.00 in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Piper Sandler boosted their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.94.

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.