The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,679 shares of the insurance provider’s stock after selling 1,471 shares during the quarter. Blue Trust Inc.’s holdings in The Hartford Financial Services Group were worth $402,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd boosted its stake in shares of The Hartford Financial Services Group by 265.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,213,074 shares of the insurance provider’s stock valued at $132,710,000 after buying an additional 881,224 shares in the last quarter. DT Investment Partners LLC lifted its holdings in The Hartford Financial Services Group by 49.8% in the fourth quarter. DT Investment Partners LLC now owns 331 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 110 shares during the period. Catalyst Financial Partners LLC boosted its position in shares of The Hartford Financial Services Group by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 90 shares in the last quarter. G&S Capital LLC grew its stake in shares of The Hartford Financial Services Group by 113.0% during the 4th quarter. G&S Capital LLC now owns 20,822 shares of the insurance provider’s stock worth $2,278,000 after purchasing an additional 11,048 shares during the period. Finally, Stanley Laman Group Ltd. increased its holdings in shares of The Hartford Financial Services Group by 5.0% in the 4th quarter. Stanley Laman Group Ltd. now owns 34,599 shares of the insurance provider’s stock valued at $3,785,000 after purchasing an additional 1,644 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $112.19 on Tuesday. The business has a 50-day simple moving average of $111.02 and a two-hundred day simple moving average of $114.02. 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 52 week low of $91.64 and a 52 week high of $124.90. The stock has a market cap of $32.52 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.12 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG) last issued 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%. On average, analysts expect that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HIG. Wells Fargo & Company cut their target price on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods boosted their price target on The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler upped their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.94.

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.