The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,239 shares of the insurance provider’s stock after buying an additional 108 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in The Hartford Financial Services Group were worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in shares of The Hartford Financial Services Group in the second quarter worth about $2,755,000. Blair William & Co. IL lifted its position in The Hartford Financial Services Group by 17.6% during the 2nd quarter. Blair William & Co. IL now owns 7,310 shares of the insurance provider’s stock worth $735,000 after acquiring an additional 1,094 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in The Hartford Financial Services Group by 6.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 69,814 shares of the insurance provider’s stock worth $7,019,000 after acquiring an additional 4,481 shares during the period. Frank Rimerman Advisors LLC grew its position in The Hartford Financial Services Group by 3,754.7% in the second quarter. Frank Rimerman Advisors LLC now owns 2,467 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 2,403 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of The Hartford Financial Services Group by 5.8% during the second quarter. Public Sector Pension Investment Board now owns 50,173 shares of the insurance provider’s stock valued at $5,044,000 after purchasing an additional 2,771 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $110.93 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $113.68 and a 200 day simple moving average of $112.92. 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 market cap of $32.16 billion, a PE ratio of 11.11, a P/E/G ratio of 0.81 and a beta of 0.98.

Analysts Set New Price Targets

HIG has been the subject of a number of recent analyst reports. Barclays raised shares of The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $130.00 to $135.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company cut their price target on 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. Keefe, Bruyette & Woods raised their price objective on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Nine equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.28.

Insider Activity

In related news, EVP Adin M. Tooker sold 6,865 shares of the business’s stock in a transaction that occurred 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 owns 25,820 shares in the company, 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. Corporate insiders own 1.60% of the company’s stock.

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.