Tectonic Advisors LLC Has $517,000 Position in The Hartford Financial Services Group, Inc. (NYSE:HIG)

Tectonic Advisors LLC boosted its stake in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,728 shares of the insurance provider’s stock after acquiring an additional 162 shares during the period. Tectonic Advisors LLC’s holdings in The Hartford Financial Services Group were worth $517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DT Investment Partners LLC bought a new position in shares of The Hartford Financial Services Group in the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in The Hartford Financial Services Group by 3,342.9% during the fourth 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 acquired a new stake in The Hartford Financial Services Group during the third quarter worth about $33,000. BNP Paribas bought a new position in The Hartford Financial Services Group in the 3rd quarter valued at about $35,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of The Hartford Financial Services Group in the 3rd quarter valued at approximately $40,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Hartford Financial Services Group news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 approximately $3,021,972.80. This trade represents a 21.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

The Hartford Financial Services Group Price Performance

Shares of NYSE:HIG opened at $113.54 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Financial Services Group, Inc. has a 52 week low of $89.04 and a 52 week high of $124.90. The firm has a market cap of $32.92 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.81 and a beta of 0.97. The firm’s fifty day moving average is $112.51 and its 200-day moving average is $113.68.

The Hartford Financial Services Group (NYSE:HIG) last announced its earnings results on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a return on equity of 19.55% and a net margin of 11.72%. Sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 11.46 earnings per share for the current year.

Analysts Set New Price Targets

HIG has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on shares of The Hartford Financial Services Group from $130.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays upgraded The Hartford Financial Services Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $135.00 in a research note on Monday, January 6th. Bank of America upped 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. Jefferies Financial Group lifted their target price on The Hartford Financial Services Group from $113.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on shares of 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. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.94.

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.