Kentucky Retirement Systems Insurance Trust Fund Purchases 7,157 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Kentucky Retirement Systems Insurance Trust Fund grew its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 82.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,832 shares of the insurance provider’s stock after acquiring an additional 7,157 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in The Hartford Financial Services Group were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HIG. Exchange Traded Concepts LLC bought a new position in shares of The Hartford Financial Services Group in the third quarter worth about $178,000. Creative Planning raised its stake in shares of The Hartford Financial Services Group by 2.9% in the third quarter. Creative Planning now owns 79,105 shares of the insurance provider’s stock worth $9,304,000 after acquiring an additional 2,237 shares during the last quarter. Blue Trust Inc. raised its stake in shares of The Hartford Financial Services Group by 61.5% in the third quarter. Blue Trust Inc. now owns 5,150 shares of the insurance provider’s stock worth $606,000 after acquiring an additional 1,962 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of The Hartford Financial Services Group by 34.3% in the third quarter. OLD National Bancorp IN now owns 3,428 shares of the insurance provider’s stock worth $403,000 after acquiring an additional 875 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of The Hartford Financial Services Group by 3.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 77,515 shares of the insurance provider’s stock worth $9,117,000 after acquiring an additional 2,279 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Financial Services Group Stock Up 0.6 %

Shares of HIG stock opened at $112.70 on Wednesday. The firm has a fifty day moving average of $110.94 and a 200-day moving average of $114.04. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The Hartford Financial Services Group, Inc. has a 12-month low of $92.54 and a 12-month high of $124.90. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.12 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts predict that The Hartford Financial Services Group, Inc. will post 11.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HIG shares. BMO Capital Markets lifted their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a research report on Monday, February 3rd. StockNews.com upgraded shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Piper Sandler lifted their price target on shares of The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.94.

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.