Goelzer Investment Management Inc. increased its stake in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 98,478 shares of the insurance provider’s stock after buying an additional 2,308 shares during the period. Goelzer Investment Management Inc.’s holdings in Hartford Financial Services Group were worth $5,542,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. First Manhattan Co. raised its holdings in shares of Hartford Financial Services Group by 103.2% during the fourth quarter. First Manhattan Co. now owns 1,969 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 1,000 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Hartford Financial Services Group during the fourth quarter worth $129,000. Wesbanco Bank Inc. bought a new position in Hartford Financial Services Group in the third quarter valued at $206,000. Tdam USA Inc. bought a new position in Hartford Financial Services Group in the third quarter valued at $208,000. Finally, Eqis Capital Management Inc. bought a new position in Hartford Financial Services Group in the fourth quarter valued at $233,000. Institutional investors and hedge funds own 88.28% of the company’s stock.
HIG has been the subject of a number of analyst reports. Barclays raised their target price on shares of Hartford Financial Services Group from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $55.00 target price on shares of Hartford Financial Services Group in a research report on Monday, October 23rd. UBS Group raised their target price on shares of Hartford Financial Services Group from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Hartford Financial Services Group in a research report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $58.92.
Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. Hartford Financial Services Group had a net margin of 2.63% and a return on equity of 8.21%. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. sell-side analysts expect that Hartford Financial Services Group Inc will post 3.38 earnings per share for the current year.
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About Hartford Financial Services Group
The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.
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