Robeco Institutional Asset Management B.V. Acquires 34,938 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Robeco Institutional Asset Management B.V. grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,234,480 shares of the insurance provider’s stock after purchasing an additional 34,938 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in The Hartford Financial Services Group were worth $135,052,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. HighTower Advisors LLC boosted its stake in The Hartford Financial Services Group by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 111,134 shares of the insurance provider’s stock worth $13,063,000 after acquiring an additional 7,350 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its stake in The Hartford Financial Services Group by 3.3% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 137,506 shares of the insurance provider’s stock worth $16,172,000 after acquiring an additional 4,449 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in The Hartford Financial Services Group during the 3rd quarter worth approximately $633,000. Zurich Insurance Group Ltd FI bought a new position in The Hartford Financial Services Group during the 3rd quarter worth approximately $19,005,000. Finally, Citigroup Inc. boosted its stake 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 acquiring an additional 10,566 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HIG. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. UBS Group lifted 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 note on Tuesday, October 15th. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lifted their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price target on shares of The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.28.

Insider Buying and Selling

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.04, for a total transaction of $803,479.60. Following the transaction, the executive vice president now directly owns 25,820 shares in the company, valued at approximately $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 accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

The Hartford Financial Services Group Price Performance

NYSE HIG opened at $113.46 on Wednesday. The company has a market capitalization of $32.89 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The Hartford Financial Services Group, Inc. has a 12-month low of $85.34 and a 12-month high of $124.90. The firm’s 50 day moving average is $113.36 and its 200-day moving average is $113.26. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26.

About The Hartford Financial Services Group

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.