The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. increased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,700 shares of the insurance provider’s stock after purchasing an additional 11,530 shares during the period. Lockheed Martin Investment Management Co.’s holdings in The Hartford Financial Services Group were worth $9,266,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd grew its holdings in The Hartford Financial Services Group by 119.9% in the 4th quarter. Y.D. More Investments Ltd now owns 365 shares of the insurance provider’s stock valued at $40,000 after buying an additional 199 shares during the period. Stratos Wealth Partners LTD. grew its holdings in The Hartford Financial Services Group by 5.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,574 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 144 shares during the period. Guidance Capital Inc. grew its holdings in The Hartford Financial Services Group by 6.9% in the fourth quarter. Guidance Capital Inc. now owns 9,234 shares of the insurance provider’s stock valued at $1,030,000 after purchasing an additional 596 shares during the period. E. Ohman J or Asset Management AB increased its position in The Hartford Financial Services Group by 12.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 13,100 shares of the insurance provider’s stock worth $1,433,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in The Hartford Financial Services Group during the fourth quarter worth approximately $227,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $112.04 on Wednesday. The firm has a market cap of $32.48 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.81 and a beta of 0.97. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $112.72 and its two-hundred day moving average is $113.60. The Hartford Financial Services Group, Inc. has a 52-week low of $88.81 and a 52-week high of $124.90.

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

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price objective on The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Bank of America lifted their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a research report on Monday. Finally, Piper Sandler lifted their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Hartford Financial Services Group has an average rating of “Moderate Buy” and a consensus target price of $122.89.

The Hartford Financial Services Group Company 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.