The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its position in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,829 shares of the insurance provider’s stock after purchasing an additional 163 shares during the period. Perigon Wealth Management LLC’s holdings in The Hartford Financial Services Group were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. raised its position in shares of The Hartford Financial Services Group by 5.0% during the 4th quarter. Griffin Asset Management Inc. now owns 7,160 shares of the insurance provider’s stock worth $783,000 after purchasing an additional 340 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of The Hartford Financial Services Group by 10.1% during the 4th quarter. Nilsine Partners LLC now owns 3,520 shares of the insurance provider’s stock valued at $385,000 after buying an additional 324 shares during the period. Blue Trust Inc. boosted its position in The Hartford Financial Services Group by 44.3% during the 4th quarter. Blue Trust Inc. now owns 7,434 shares of the insurance provider’s stock worth $874,000 after purchasing an additional 2,284 shares during the period. PFG Investments LLC boosted its position in The Hartford Financial Services Group by 8.6% during the 4th quarter. PFG Investments LLC now owns 2,858 shares of the insurance provider’s stock worth $313,000 after purchasing an additional 227 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in The Hartford Financial Services Group by 7.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 38,248 shares of the insurance provider’s stock worth $4,184,000 after purchasing an additional 2,530 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

HIG has been the subject of a number of research reports. BMO Capital Markets upped their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Bank of America upped 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 research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.28.

Insider Activity

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the sale, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Performance

NYSE:HIG opened at $111.51 on Monday. The business has a 50 day moving average price of $112.91 and a 200-day moving average price of $113.49. The Hartford Financial Services Group, Inc. has a fifty-two week low of $85.34 and a fifty-two week high of $124.90. The firm has a market cap of $32.33 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32.

The Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS 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 research analysts predict that The Hartford Financial Services Group, Inc. will post 10.06 earnings per share for the current year.

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.