Catalyst Financial Partners LLC Has $337,000 Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Catalyst Financial Partners LLC grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,079 shares of the insurance provider’s stock after purchasing an additional 90 shares during the period. Catalyst Financial Partners LLC’s holdings in The Hartford Financial Services Group were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Nordea Investment Management AB lifted its holdings in shares of The Hartford Financial Services Group by 17.3% in the fourth quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock valued at $430,272,000 after purchasing an additional 581,103 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of The Hartford Financial Services Group by 2.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,234,480 shares of the insurance provider’s stock valued at $135,052,000 after purchasing an additional 34,938 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of The Hartford Financial Services Group by 42.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock valued at $110,000,000 after purchasing an additional 277,295 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of The Hartford Financial Services Group by 437.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock valued at $95,322,000 after purchasing an additional 709,324 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of The Hartford Financial Services Group by 31,680.4% in the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock valued at $816,310,000 after purchasing an additional 691,900 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

HIG has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Barclays raised shares of 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. Piper Sandler upped 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 research note on Monday, February 3rd. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets upped their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Trading Down 0.1 %

The Hartford Financial Services Group stock opened at $112.19 on Friday. The company has a market capitalization of $32.52 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.12 and a beta of 0.97. The company’s fifty day moving average price is $111.17 and its two-hundred day moving average price is $113.97. The Hartford Financial Services Group, Inc. has a one year low of $91.64 and a one 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 Hartford Financial Services Group (NYSE:HIG) last issued 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 return on equity of 19.55% and a net margin of 11.72%. On average, analysts forecast that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current fiscal year.

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.