Janney Montgomery Scott LLC Acquires 3,184 Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG)

Janney Montgomery Scott LLC grew its holdings in shares of The Hartford Financial Services Group, Inc. (NYSE:HIG) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,060 shares of the insurance provider’s stock after acquiring an additional 3,184 shares during the period. Janney Montgomery Scott LLC’s holdings in The Hartford Financial Services Group were worth $15,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. DT Investment Partners LLC bought a new stake in The Hartford Financial Services Group during the third quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of The Hartford Financial Services Group by 3,342.9% during the 4th 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 period. Clean Yield Group purchased a new stake in The Hartford Financial Services Group in the 3rd quarter worth approximately $33,000. BNP Paribas bought a new stake in The Hartford Financial Services Group during the 3rd quarter worth approximately $35,000. Finally, Ashton Thomas Securities LLC purchased a new position in The Hartford Financial Services Group during the third quarter valued at approximately $40,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Financial Services Group Stock Up 0.5 %

Shares of NYSE:HIG opened at $111.46 on Monday. The company has a 50-day moving average price of $113.44 and a 200 day moving average price of $113.08. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26. The Hartford Financial Services Group, Inc. has a 12 month low of $85.34 and a 12 month high of $124.90. The company has a market cap of $32.31 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.81 and a beta of 0.98.

Insider Transactions at The Hartford Financial Services Group

In other news, EVP Adin M. Tooker sold 6,865 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.04, for a total value of $803,479.60. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

HIG has been the topic of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of 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. Keefe, Bruyette & Woods raised their price target on The Hartford Financial Services Group from $135.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets lifted their target price on The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company dropped their price target on The Hartford Financial Services Group from $134.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.28.

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.