The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by GSB Wealth Management LLC

GSB Wealth Management LLC lifted its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.6% in the fourth quarter, HoldingsChannel reports. The fund owned 3,807 shares of the insurance provider’s stock after purchasing an additional 235 shares during the quarter. GSB Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HIG. Renaissance Technologies LLC acquired a new stake in shares of The Hartford Financial Services Group in the 2nd quarter worth approximately $2,755,000. Thrivent Financial for Lutherans lifted its stake in shares of The Hartford Financial Services Group by 6.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 69,814 shares of the insurance provider’s stock worth $7,019,000 after acquiring an additional 4,481 shares during the period. Evergreen Capital Management LLC lifted its stake in The Hartford Financial Services Group by 24.4% during the second quarter. Evergreen Capital Management LLC now owns 3,853 shares of the insurance provider’s stock valued at $389,000 after purchasing an additional 755 shares during the last quarter. Bank of Montreal Can lifted its stake in The Hartford Financial Services Group by 1.9% during the second quarter. Bank of Montreal Can now owns 415,242 shares of the insurance provider’s stock valued at $43,065,000 after purchasing an additional 7,603 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in The Hartford Financial Services Group by 58.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,953 shares of the insurance provider’s stock valued at $5,726,000 after purchasing an additional 21,042 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction 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 insiders.

The Hartford Financial Services Group Stock Up 0.5 %

The Hartford Financial Services Group stock opened at $111.46 on Friday. The company has a market capitalization of $32.31 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.81 and a beta of 0.98. The firm’s fifty day simple moving average is $113.44 and its 200-day simple moving average is $112.99. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group, Inc. has a 1-year low of $85.34 and a 1-year high of $124.90.

Analyst Upgrades and Downgrades

Several research firms recently commented 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 company a “neutral” rating in a research note on Friday, October 25th. 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. Wells Fargo & Company cut their target price on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group upped their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Nine 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.28.

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.