Zions Bancorporation N.A. Raises Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Zions Bancorporation N.A. grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 49.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,564 shares of the insurance provider’s stock after purchasing an additional 4,831 shares during the quarter. Zions Bancorporation N.A.’s holdings in The Hartford Financial Services Group were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HIG. Selway Asset Management acquired a new stake in shares of The Hartford Financial Services Group during the 3rd quarter worth $29,000. Quarry LP acquired a new stake in The Hartford Financial Services Group in the 1st quarter valued at $31,000. Benjamin F. Edwards & Company Inc. increased its holdings in The Hartford Financial Services Group by 85.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 520 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 240 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in The Hartford Financial Services Group by 63.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in The Hartford Financial Services Group in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HIG. Morgan Stanley upped 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 research report on Friday, October 27th. Piper Sandler increased their price target on shares of The Hartford Financial Services Group from $93.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Jefferies Financial Group increased their price target on shares of The Hartford Financial Services Group from $75.00 to $77.00 in a research report on Friday, October 6th. StockNews.com initiated coverage on shares of The Hartford Financial Services Group in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Raymond James increased their price target on shares of The Hartford Financial Services Group from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.85.

View Our Latest Analysis on HIG

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $87.63 on Wednesday. The Hartford Financial Services Group, Inc. has a 52 week low of $64.25 and a 52 week high of $87.67. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $26.36 billion, a P/E ratio of 12.02, a PEG ratio of 1.27 and a beta of 0.86. The firm’s 50 day moving average is $81.09 and its two-hundred day moving average is $75.61.

Insider Activity at The Hartford Financial Services Group

In other news, CEO Christopher Swift sold 47,033 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $80.41, for a total transaction of $3,781,923.53. Following the transaction, the chief executive officer now directly owns 170,180 shares in the company, valued at approximately $13,684,173.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 323,049 shares of company stock worth $26,629,540 over the last quarter. 2.00% of the stock is currently owned by company insiders.

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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