The Hartford Financial Services Group (NYSE:HIG) Price Target Raised to $141.00 at BMO Capital Markets

The Hartford Financial Services Group (NYSE:HIG) had its price objective boosted by stock analysts at BMO Capital Markets from $100.00 to $141.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. BMO Capital Markets’ price target points to a potential upside of 13.95% from the stock’s current price.

HIG has been the subject of several other research reports. Bank of America upped their target price on shares of The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays assumed coverage on The Hartford Financial Services Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $130.00 target price for the company. JPMorgan Chase & Co. upped their price target on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. UBS Group lifted their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

The Hartford Financial Services Group Price Performance

NYSE HIG opened at $123.74 on Wednesday. The stock has a market cap of $35.87 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.00 and a beta of 0.94. The Hartford Financial Services Group has a 12 month low of $76.65 and a 12 month high of $124.90. The company’s 50 day moving average is $117.32 and its two-hundred day moving average is $109.94. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

Insider Activity 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 dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in shares of The Hartford Financial Services Group by 31,680.4% in the third quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock worth $816,310,000 after buying an additional 691,900 shares during the period. Swedbank AB purchased a new stake in The Hartford Financial Services Group in the first quarter worth $53,980,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of The Hartford Financial Services Group by 42.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock valued at $110,000,000 after purchasing an additional 277,295 shares during the period. Verition Fund Management LLC grew its holdings in shares of The Hartford Financial Services Group by 7,564.9% in the third quarter. Verition Fund Management LLC now owns 248,648 shares of the insurance provider’s stock worth $29,243,000 after purchasing an additional 245,404 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in The Hartford Financial Services Group by 22.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider’s stock worth $141,078,000 after buying an additional 221,778 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

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.