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

TKG Advisors LLC raised its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 119.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,015 shares of the insurance provider’s stock after purchasing an additional 22,834 shares during the quarter. The Hartford Financial Services Group accounts for 2.2% of TKG Advisors LLC’s portfolio, making the stock its 16th largest holding. TKG Advisors LLC’s holdings in The Hartford Financial Services Group were worth $4,684,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Global Retirement Partners LLC boosted its holdings in shares of The Hartford Financial Services Group by 10.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,788 shares of the insurance provider’s stock worth $196,000 after acquiring an additional 162 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in The Hartford Financial Services Group by 82.5% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,832 shares of the insurance provider’s stock valued at $1,732,000 after purchasing an additional 7,157 shares during the last quarter. Key Financial Inc raised its position in shares of The Hartford Financial Services Group by 526.3% in the 4th quarter. Key Financial Inc now owns 357 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 300 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of The Hartford Financial Services Group in the 4th quarter valued at $393,000. Finally, D.A. Davidson & CO. increased its holdings in shares of The Hartford Financial Services Group by 1.3% in the fourth quarter. D.A. Davidson & CO. now owns 19,497 shares of the insurance provider’s stock worth $2,133,000 after acquiring an additional 250 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HIG has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays raised The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $130.00 to $135.00 in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective on The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. 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 research 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’s stock. According to MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.94.

The Hartford Financial Services Group Trading Up 0.6 %

Shares of The Hartford Financial Services Group stock opened at $112.70 on Wednesday. The company’s fifty day simple moving average is $110.94 and its 200-day simple moving average is $114.04. The stock has a market capitalization of $32.67 billion, a PE ratio of 10.89, a P/E/G 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 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 (NYSE:HIG) last posted its earnings results on Thursday, January 30th. The insurance provider reported $2.94 earnings per share 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 analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Financial Services Group Company 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.