PFG Investments LLC Has $313,000 Stake in The Hartford Financial Services Group, Inc. (NYSE:HIG)

PFG Investments LLC increased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,858 shares of the insurance provider’s stock after purchasing an additional 227 shares during the period. PFG Investments LLC’s holdings in The Hartford Financial Services Group were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. DT Investment Partners LLC bought a new stake in The Hartford Financial Services Group during the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 234 shares during the last quarter. Clean Yield Group bought a new stake in The Hartford Financial Services Group during the third quarter worth about $33,000. BNP Paribas bought a new position in shares of The Hartford Financial Services Group in the third quarter valued at $35,000. Finally, Ashton Thomas Securities LLC acquired a new stake in The Hartford Financial Services Group in the 3rd quarter valued at about $40,000. Institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HIG. Keefe, Bruyette & Woods increased their price target on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. BMO Capital Markets increased their price objective on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. 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. Bank of America increased their price target 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, JPMorgan Chase & Co. boosted their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.28.

Insider Buying and Selling at The Hartford Financial Services Group

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 of the company’s stock, valued at approximately $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Trading Down 2.4 %

NYSE:HIG opened at $111.51 on Friday. 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 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 50-day moving average price of $113.09 and a 200-day moving average price of $113.35. The stock has a market cap of $32.33 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.82 and a beta of 0.98.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings results 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 20.35% and a net margin of 11.62%. Equities analysts predict that The Hartford Financial Services Group, Inc. will post 10.06 EPS for the current year.

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.