Financial Advisory Partners LLC Buys 158 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Financial Advisory Partners LLC lifted its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 25,745 shares of the insurance provider’s stock after buying an additional 158 shares during the period. Financial Advisory Partners LLC’s holdings in The Hartford Financial Services Group were worth $2,817,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Choreo LLC increased its position in The Hartford Financial Services Group by 2.1% in the fourth quarter. Choreo LLC now owns 6,452 shares of the insurance provider’s stock worth $708,000 after purchasing an additional 130 shares during the period. Tectonic Advisors LLC boosted its stake in shares of The Hartford Financial Services Group by 3.5% in the 4th quarter. Tectonic Advisors LLC now owns 4,728 shares of the insurance provider’s stock valued at $517,000 after purchasing an additional 162 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of The Hartford Financial Services Group by 9.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,559 shares of the insurance provider’s stock worth $7,731,000 after buying an additional 5,949 shares during the period. Lockheed Martin Investment Management Co. grew its position in shares of The Hartford Financial Services Group by 15.8% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 84,700 shares of the insurance provider’s stock worth $9,266,000 after buying an additional 11,530 shares during the period. Finally, Y.D. More Investments Ltd raised its stake in shares of The Hartford Financial Services Group by 119.9% during the fourth quarter. Y.D. More Investments Ltd now owns 365 shares of the insurance provider’s stock worth $40,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group stock in a transaction that occurred on 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 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 transaction 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.

The Hartford Financial Services Group Stock Up 1.4 %

The Hartford Financial Services Group stock opened at $113.54 on Thursday. The stock has a market capitalization of $32.92 billion, a PE ratio of 10.97, a price-to-earnings-growth 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 Hartford Financial Services Group, Inc. has a twelve month low of $89.04 and a twelve month high of $124.90. The company has a 50 day moving average of $112.51 and a 200-day moving average of $113.68.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping 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, equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on HIG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 target price on shares of The Hartford Financial Services Group in a report on Monday. Wells Fargo & Company decreased their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $130.00 to $135.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped 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. Nine analysts have rated the stock with a hold rating, nine have given 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 has a consensus rating of “Moderate Buy” and a consensus target price of $122.94.

About The Hartford Financial Services Group

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.