Klein Pavlis & Peasley Financial Inc. Makes New $1.62 Million Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Klein Pavlis & Peasley Financial Inc. acquired a new position in The Hartford Financial Services Group, Inc. (NYSE:HIG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,800 shares of the insurance provider’s stock, valued at approximately $1,619,000. The Hartford Financial Services Group accounts for 1.3% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 26th largest position.

Other large investors also recently modified their holdings of the company. DT Investment Partners LLC acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after buying an additional 234 shares during the period. Clean Yield Group acquired a new position in The Hartford Financial Services Group during the 3rd quarter valued at about $33,000. BNP Paribas acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in The Hartford Financial Services Group during the third quarter valued at approximately $40,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective 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. Piper Sandler upped their target price on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Monday. UBS Group lifted their price objective 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. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $130.00 to $135.00 in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.94.

The Hartford Financial Services Group Stock Up 1.4 %

Shares of HIG opened at $113.54 on Thursday. The firm has a 50 day simple moving average of $112.51 and a two-hundred day simple moving average of $113.68. The company has a market cap of $32.92 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.81 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a one year low of $89.04 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 posted its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share 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 forecast that The Hartford Financial Services Group, Inc. will post 11.46 EPS for the current fiscal year.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the company’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 sale, the executive vice president now owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.