BDF Gestion Lowers Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG)

BDF Gestion reduced its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,043 shares of the insurance provider’s stock after selling 4,553 shares during the quarter. BDF Gestion’s holdings in The Hartford Financial Services Group were worth $3,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HIG. DT Investment Partners LLC purchased a new position in shares of The Hartford Financial Services Group during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in The Hartford Financial Services Group by 3,342.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 234 shares in the last quarter. Clean Yield Group bought a new stake in The Hartford Financial Services Group in the third quarter valued at $33,000. BNP Paribas purchased a new position in The Hartford Financial Services Group during the third quarter valued at $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in The Hartford Financial Services Group during the third quarter valued at $40,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’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 transaction, the executive vice president now owns 25,820 shares in the company, valued at approximately $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

The Hartford Financial Services Group Stock Up 0.1 %

Shares of HIG opened at $113.52 on Thursday. The company has a market cap of $32.91 billion, a PE ratio of 11.37, a P/E/G ratio of 0.81 and a beta of 0.98. The business has a fifty day moving average of $113.30 and a 200 day moving average of $113.35. The Hartford Financial Services Group, Inc. has a 52-week low of $85.34 and a 52-week high of $124.90. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HIG. 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 research report on Wednesday, November 27th. Barclays upgraded shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $135.00 in a research note on Monday, January 6th. StockNews.com upgraded 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 increased their target price on shares of The Hartford Financial Services Group from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating, nine 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.28.

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.