Sequoia Financial Advisors LLC Buys 169 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Sequoia Financial Advisors LLC increased its stake in The Hartford Financial Services Group, Inc. (NYSE:HIGFree Report) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,928 shares of the insurance provider’s stock after acquiring an additional 169 shares during the period. Sequoia Financial Advisors LLC’s holdings in The Hartford Financial Services Group were worth $279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Guidance Capital Inc. bought a new stake in shares of The Hartford Financial Services Group in the 2nd quarter valued at about $514,000. Signaturefd LLC raised its position in The Hartford Financial Services Group by 24.8% during the 2nd quarter. Signaturefd LLC now owns 4,576 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 910 shares during the last quarter. Private Trust Co. NA raised its position in The Hartford Financial Services Group by 79.5% during the 2nd quarter. Private Trust Co. NA now owns 2,527 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 1,119 shares during the last quarter. Forsta AP Fonden raised its position in The Hartford Financial Services Group by 98.7% during the 2nd quarter. Forsta AP Fonden now owns 124,000 shares of the insurance provider’s stock valued at $8,930,000 after purchasing an additional 61,600 shares during the last quarter. Finally, Amalgamated Bank raised its position in The Hartford Financial Services Group by 7.5% during the 3rd quarter. Amalgamated Bank now owns 85,139 shares of the insurance provider’s stock valued at $6,037,000 after purchasing an additional 5,911 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HIG shares. Wells Fargo & Company lowered their price target on The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. JPMorgan Chase & Co. lowered The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $94.00 to $91.00 in a research report on Monday, January 8th. Roth Mkm increased their target price on The Hartford Financial Services Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. UBS Group increased their target price on The Hartford Financial Services Group from $100.00 to $107.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, TD Cowen began coverage on The Hartford Financial Services Group in a research report on Wednesday, January 10th. They issued an “outperform” rating for the company. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Read Our Latest Research Report on HIG

The Hartford Financial Services Group Stock Performance

The Hartford Financial Services Group stock opened at $90.81 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $27.31 billion, a P/E ratio of 11.37, a PEG ratio of 1.30 and a beta of 0.87. The stock’s 50 day moving average is $82.94 and its 200 day moving average is $76.47. The Hartford Financial Services Group, Inc. has a twelve month low of $64.25 and a twelve month high of $91.85.

The Hartford Financial Services Group (NYSE:HIGGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The insurance provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.62. The Hartford Financial Services Group had a return on equity of 19.82% and a net margin of 10.21%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the prior year, the business posted $2.31 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that The Hartford Financial Services Group, Inc. will post 9.99 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hartford Financial Services Group

In other The Hartford Financial Services Group news, CEO Christopher Swift sold 69,248 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $78.09, for a total transaction of $5,407,576.32. Following the sale, the chief executive officer now directly owns 170,180 shares in the company, valued at approximately $13,289,356.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Christopher Swift sold 69,248 shares of The Hartford Financial Services Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $78.09, for a total value of $5,407,576.32. Following the completion of the sale, the chief executive officer now owns 170,180 shares of the company’s stock, valued at $13,289,356.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David C. Robinson sold 15,000 shares of The Hartford Financial Services Group stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $89.64, for a total value of $1,344,600.00. Following the completion of the sale, the executive vice president now directly owns 8,201 shares of the company’s stock, valued at approximately $735,137.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 339,050 shares of company stock worth $28,069,037. Insiders own 1.80% of the company’s stock.

About The Hartford Financial Services Group

(Free Report)

The Hartford Financial Services Group, Inc 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, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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Institutional Ownership by Quarter for The Hartford Financial Services Group (NYSE:HIG)

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