Vest Financial LLC Boosts Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Vest Financial LLC increased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 29.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 298,884 shares of the insurance provider’s stock after acquiring an additional 67,224 shares during the period. Vest Financial LLC’s holdings in The Hartford Financial Services Group were worth $32,698,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HIG. DT Investment Partners LLC bought a new stake in The Hartford Financial Services Group during the third quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in The Hartford Financial Services Group by 3,342.9% in 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 last quarter. Barrett & Company Inc. boosted its stake in The Hartford Financial Services Group by 46.5% in the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock worth $32,000 after buying an additional 93 shares in the last quarter. BNP Paribas bought a new position in The Hartford Financial Services Group during the third quarter valued at approximately $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of The Hartford Financial Services Group during the third quarter worth approximately $40,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.0 %

Shares of HIG opened at $113.52 on Friday. The Hartford Financial Services Group, Inc. has a 1-year low of $89.04 and a 1-year high of $124.90. The firm has a market capitalization of $32.91 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.81 and a beta of 0.97. The firm’s 50-day moving average price is $112.10 and its 200-day moving average price is $113.67. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results 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%. Sell-side analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler raised their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their price target on 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, The Hartford Financial Services Group presently has an average rating of “Moderate Buy” and a consensus price target of $122.94.

Insiders Place Their Bets

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the sale, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

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.