TKG Advisors LLC Has $4.68 Million Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

TKG Advisors LLC boosted its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 119.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,015 shares of the insurance provider’s stock after buying an additional 22,834 shares during the period. The Hartford Financial Services Group makes up about 2.2% of TKG Advisors LLC’s holdings, making the stock its 16th biggest position. TKG Advisors LLC’s holdings in The Hartford Financial Services Group were worth $4,684,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AustralianSuper Pty Ltd boosted its stake in shares of The Hartford Financial Services Group by 265.5% during the 4th 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 during the period. Assenagon Asset Management S.A. boosted its position in The Hartford Financial Services Group by 437.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock valued at $95,322,000 after purchasing an additional 709,324 shares during the last quarter. International Assets Investment Management LLC grew its stake in 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 valued at $816,310,000 after purchasing an additional 691,900 shares in the last quarter. Nordea Investment Management AB increased its position in The Hartford Financial Services Group by 17.3% in the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock worth $430,272,000 after purchasing an additional 581,103 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock worth $110,000,000 after purchasing an additional 277,295 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HIG has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on 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. Wells Fargo & Company dropped their price target on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. BMO Capital Markets raised their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their target price on The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.94.

The Hartford Financial Services Group Trading Up 0.6 %

Shares of HIG stock opened at $112.70 on Wednesday. The firm has a market capitalization of $32.67 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The Hartford Financial Services Group, Inc. has a 1 year low of $92.54 and a 1 year high of $124.90. The firm’s fifty day simple moving average is $110.94 and its 200 day simple moving average is $114.04. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. As a group, sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 11.11 EPS 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.