R Squared Ltd Makes New $197,000 Investment in The Hartford Financial Services Group, Inc. (NYSE:HIG)

R Squared Ltd bought a new stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,800 shares of the insurance provider’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Nordea Investment Management AB boosted its stake in The Hartford Financial Services Group by 17.3% during the 4th quarter. Nordea Investment Management AB now owns 3,938,421 shares of the insurance provider’s stock worth $430,272,000 after purchasing an additional 581,103 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in The Hartford Financial Services Group by 22.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,199,542 shares of the insurance provider’s stock valued at $141,078,000 after acquiring an additional 221,778 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in The Hartford Financial Services Group by 42.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 935,298 shares of the insurance provider’s stock valued at $110,000,000 after acquiring an additional 277,295 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in The Hartford Financial Services Group by 437.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 871,318 shares of the insurance provider’s stock worth $95,322,000 after purchasing an additional 709,324 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of The Hartford Financial Services Group by 31,680.4% during the 3rd quarter. International Assets Investment Management LLC now owns 694,084 shares of the insurance provider’s stock worth $816,310,000 after purchasing an additional 691,900 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Financial Services Group Trading Up 0.1 %

Shares of HIG stock opened at $113.52 on Thursday. The Hartford Financial Services Group, Inc. has a fifty-two week low of $85.34 and a fifty-two week high of $124.90. The company has a 50 day moving average price of $113.30 and a 200 day moving average price of $113.35. The stock has a market capitalization of $32.91 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32.

Analysts Set New Price Targets

HIG has been the topic of a number of analyst reports. Bank of America lifted their price objective on The Hartford Financial Services Group from $121.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. BMO Capital Markets lifted their price target 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. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $130.00 to $135.00 in a report on Monday, January 6th. 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. Finally, Jefferies Financial Group raised their price target on shares of The Hartford Financial Services Group from $113.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.28.

Insiders Place Their Bets

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the completion of the transaction, the executive vice president now directly owns 25,820 shares of the company’s stock, valued at $3,021,972.80. The trade was a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

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.