Wilmington Savings Fund Society FSB Acquires 97 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Wilmington Savings Fund Society FSB raised its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,468 shares of the insurance provider’s stock after buying an additional 97 shares during the period. Wilmington Savings Fund Society FSB’s holdings in The Hartford Financial Services Group were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in HIG. CWM LLC boosted its stake in The Hartford Financial Services Group by 7.9% during the 3rd quarter. CWM LLC now owns 15,048 shares of the insurance provider’s stock valued at $1,770,000 after purchasing an additional 1,106 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in The Hartford Financial Services Group during the third quarter worth $212,000. Exchange Traded Concepts LLC bought a new stake in The Hartford Financial Services Group during the third quarter worth $178,000. Koshinski Asset Management Inc. grew its holdings in The Hartford Financial Services Group by 83.6% during the third quarter. Koshinski Asset Management Inc. now owns 3,749 shares of the insurance provider’s stock worth $441,000 after buying an additional 1,707 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of The Hartford Financial Services Group in the third quarter valued at about $967,000. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Stock Performance

NYSE:HIG opened at $111.48 on Wednesday. The business’s fifty day moving average is $111.72 and its 200 day moving average is $113.99. The firm has a market cap of $32.32 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a 52-week low of $89.79 and a 52-week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. Research analysts predict that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HIG. Royal Bank of Canada reiterated 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. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. UBS Group lifted their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods boosted their price objective on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Nine investment 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.94.

Insider Transactions at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the company’s 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 transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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.