Axecap Investments LLC Purchases 1,655 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Axecap Investments LLC boosted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,414 shares of the insurance provider’s stock after buying an additional 1,655 shares during the quarter. Axecap Investments LLC’s holdings in The Hartford Financial Services Group were worth $1,249,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. DT Investment Partners LLC bought a new position in shares of The Hartford Financial Services Group during the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 purchasing an additional 234 shares during the last quarter. Barrett & Company Inc. raised its position in The Hartford Financial Services Group by 46.5% during the 4th quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. BNP Paribas bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of The Hartford Financial Services Group in the third quarter valued at about $40,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Financial Services Group Stock Performance

Shares of HIG stock opened at $111.97 on Tuesday. 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 firm has a fifty day simple moving average of $111.91 and a two-hundred day simple moving average of $113.92. The Hartford Financial Services Group, Inc. has a 12 month low of $89.79 and a 12 month high of $124.90. The firm has a market capitalization of $32.46 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG) last posted its earnings results 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 net margin of 11.72% and a return on equity of 19.55%. Analysts forecast that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on HIG. Piper Sandler lifted their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. 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 report on Monday, February 3rd. UBS Group increased their price objective on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted 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 report on Friday, October 25th. Finally, BMO Capital Markets increased 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. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.94.

Insiders Place Their Bets

In related news, EVP Adin M. Tooker sold 6,865 shares of The Hartford Financial Services Group 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 transaction, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. The trade was a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

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.