The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Bought by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC raised its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 38.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,259 shares of the insurance provider’s stock after purchasing an additional 352 shares during the period. JFS Wealth Advisors LLC’s holdings in The Hartford Financial Services Group were worth $138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HIG. HighTower Advisors LLC raised its holdings in shares of The Hartford Financial Services Group by 7.1% in the third quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after buying an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its stake in shares of The Hartford Financial Services Group by 3.3% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock worth $16,172,000 after purchasing an additional 4,449 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth about $633,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of The Hartford Financial Services Group during the third quarter worth about $19,005,000. Finally, Citigroup Inc. raised its position in The Hartford Financial Services Group by 3.5% during the 3rd quarter. Citigroup Inc. now owns 314,849 shares of the insurance provider’s stock worth $37,029,000 after buying an additional 10,566 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Stock Performance

Shares of NYSE:HIG opened at $112.19 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The Hartford Financial Services Group, Inc. has a 1 year low of $91.64 and a 1 year high of $124.90. The firm has a market capitalization of $32.52 billion, a PE ratio of 10.84, a P/E/G ratio of 1.12 and a beta of 0.97. The business’s 50 day moving average price is $111.02 and its 200-day moving average price is $114.02.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts expect that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HIG. Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company cut their price target on 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. JPMorgan Chase & Co. boosted their price objective on 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. BMO Capital Markets raised their target price 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. Finally, StockNews.com upgraded The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Nine equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.94.

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.