Hunter Perkins Capital Management LLC Cuts Stock Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Hunter Perkins Capital Management LLC decreased its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 8.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 90,166 shares of the insurance provider’s stock after selling 8,599 shares during the period. The Hartford Financial Services Group accounts for about 2.1% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 17th largest position. Hunter Perkins Capital Management LLC’s holdings in The Hartford Financial Services Group were worth $9,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HIG. DT Investment Partners LLC bought a new stake in The Hartford Financial Services Group during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of The Hartford Financial Services Group by 3,342.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 241 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 234 shares during the period. Clean Yield Group bought a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at approximately $33,000. BNP Paribas purchased a new stake in The Hartford Financial Services Group during the 3rd quarter valued at $35,000. Finally, Ashton Thomas Securities LLC bought a new stake in The Hartford Financial Services Group in the third quarter worth $40,000. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In related news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.04, for a total transaction of $803,479.60. Following the sale, the executive vice president now owns 25,820 shares of the company’s stock, valued at $3,021,972.80. This trade represents a 21.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com raised shares of The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Bank of America boosted their target price on The Hartford Financial Services Group from $121.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company reduced 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 report on Tuesday, January 14th. Finally, UBS Group boosted their price objective on The Hartford Financial Services Group from $134.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, The Hartford Financial Services Group presently has a consensus rating of “Moderate Buy” and an average target price of $122.28.

The Hartford Financial Services Group Price Performance

Shares of HIG opened at $111.46 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.32 and a current ratio of 0.32. The company has a 50 day moving average price of $113.44 and a 200-day moving average price of $113.08. 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 stock has a market capitalization of $32.31 billion, a PE ratio of 11.17, a PEG ratio of 0.81 and a beta of 0.98.

The Hartford Financial Services Group 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.