R Squared Ltd Takes Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

R Squared Ltd acquired a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,800 shares of the insurance provider’s stock, valued at approximately $197,000.

A number of other hedge funds also recently bought and sold shares of the stock. Creative Planning lifted its stake in shares of The Hartford Financial Services Group by 9.6% during the 2nd quarter. Creative Planning now owns 76,868 shares of the insurance provider’s stock worth $7,728,000 after purchasing an additional 6,734 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of The Hartford Financial Services Group by 14.2% during the second quarter. NewEdge Advisors LLC now owns 43,454 shares of the insurance provider’s stock valued at $4,369,000 after buying an additional 5,411 shares during the last quarter. Quarry LP boosted its holdings in shares of The Hartford Financial Services Group by 195.6% in the 2nd quarter. Quarry LP now owns 600 shares of the insurance provider’s stock valued at $60,000 after buying an additional 397 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of The Hartford Financial Services Group by 1.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,004 shares of the insurance provider’s stock worth $1,718,000 after buying an additional 177 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of The Hartford Financial Services Group during the 2nd quarter worth approximately $253,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.1 %

Shares of NYSE:HIG opened at $113.52 on Thursday. 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 12-month low of $85.34 and a 12-month high of $124.90. The business has a 50 day moving average of $113.30 and a two-hundred day moving average of $113.35. The company has a market capitalization of $32.91 billion, a PE ratio of 11.37, a PEG ratio of 0.81 and a beta of 0.98.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the transaction, the executive vice president now owns 25,820 shares in the company, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HIG shares. BMO Capital Markets lifted 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 report on Wednesday, November 27th. Bank of America upped their target price on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on 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 upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company decreased their price objective 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 report on Tuesday, January 14th. Nine investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

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.