The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Acquired by Monte Financial Group LLC

Monte Financial Group LLC increased its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,922 shares of the insurance provider’s stock after acquiring an additional 1,614 shares during the period. The Hartford Financial Services Group comprises 2.2% of Monte Financial Group LLC’s investment portfolio, making the stock its 23rd biggest position. Monte Financial Group LLC’s holdings in The Hartford Financial Services Group were worth $5,133,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

HIG has been the topic of several analyst reports. StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets upped their price target on 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. Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Bank of America raised their target price on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group boosted their price target on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. 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 company. According to data from MarketBeat, The Hartford Financial Services Group currently has an average rating of “Moderate Buy” and an average target price of $122.28.

Insider Buying and Selling at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at approximately $3,021,972.80. This represents a 21.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Trading Up 0.5 %

NYSE:HIG opened at $111.46 on Friday. The Hartford Financial Services Group, Inc. has a 12-month low of $85.34 and a 12-month high of $124.90. 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 stock’s 50 day simple moving average is $113.44 and its 200-day simple moving average is $112.99. The firm has a market cap of $32.31 billion, a P/E ratio of 11.17, a PEG ratio of 0.81 and a beta of 0.98.

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.