Empirical Finance LLC Sells 160 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Empirical Finance LLC reduced its position in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,627 shares of the insurance provider’s stock after selling 160 shares during the period. Empirical Finance LLC’s holdings in The Hartford Financial Services Group were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. DT Investment Partners LLC bought a new position in shares of The Hartford Financial Services Group during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $26,000 after acquiring an additional 234 shares during the last quarter. Barrett & Company Inc. raised its stake in shares of The Hartford Financial Services Group by 46.5% during the fourth quarter. Barrett & Company Inc. now owns 293 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter. BNP Paribas purchased a new position in shares of The Hartford Financial Services Group during the third quarter worth approximately $35,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of The Hartford Financial Services Group in the 3rd quarter worth approximately $40,000. Institutional investors own 93.42% of the company’s stock.

Insider Activity at The Hartford Financial Services Group

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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Financial Services Group Stock Down 1.4 %

Shares of NYSE:HIG opened at $111.97 on Tuesday. 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 $89.79 and a 52-week high of $124.90. The firm has a market capitalization of $32.46 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.12 and a beta of 0.97. The stock has a 50 day moving average price of $111.91 and a 200-day moving average price of $113.92.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that The Hartford Financial Services Group, Inc. will post 11.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on HIG shares. UBS Group increased their target price on shares of 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. Keefe, Bruyette & Woods increased their target price on The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. StockNews.com raised The Hartford Financial Services Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Piper Sandler boosted their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets raised 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 investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hartford Financial Services Group currently 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.