The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 88.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,137 shares of the insurance provider’s stock after selling 16,906 shares during the quarter. Teza Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Financial Partners LLC increased its stake in shares of The Hartford Financial Services Group by 3.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,079 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 90 shares during the period. Barrett & Company Inc. boosted its holdings in The Hartford Financial Services Group by 46.5% in the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 93 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in The Hartford Financial Services Group by 2.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,468 shares of the insurance provider’s stock worth $489,000 after purchasing an additional 97 shares during the period. Lifestyle Asset Management Inc. raised its stake in shares of The Hartford Financial Services Group by 0.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 11,499 shares of the insurance provider’s stock valued at $1,258,000 after buying an additional 98 shares during the last quarter. Finally, Smithfield Trust Co raised its stake in shares of The Hartford Financial Services Group by 26.7% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider’s stock valued at $51,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In other The Hartford Financial Services Group news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the sale, the senior vice president now owns 622 shares in the company, valued at approximately $74,279.24. This represents a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert W. Paiano sold 13,138 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $117.20, for a total value of $1,539,773.60. Following the transaction, the executive vice president now owns 31,678 shares in the company, valued at approximately $3,712,661.60. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,429 shares of company stock worth $13,618,028. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on HIG. Raymond James raised their target price on The Hartford Financial Services Group from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, March 31st. JPMorgan Chase & Co. boosted their target price on shares of The Hartford Financial Services Group from $125.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Jefferies Financial Group lowered their target price on shares of The Hartford Financial Services Group from $118.00 to $117.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley lifted their price target on The Hartford Financial Services Group from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.71.

The Hartford Financial Services Group Stock Down 0.4%

NYSE HIG opened at $131.14 on Wednesday. The business has a fifty day moving average price of $121.27 and a 200 day moving average price of $116.57. The Hartford Financial Services Group, Inc. has a one year low of $98.16 and a one year high of $132.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $37.26 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.12 and a beta of 0.70.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.05. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.11 EPS for the current fiscal 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.