GHP Investment Advisors Inc. lessened its stake in Hartford Financial Services Group Inc (NYSE:HIG) by 5.8% in the third quarter, HoldingsChannel reports. The firm owned 52,697 shares of the insurance provider’s stock after selling 3,229 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Hartford Financial Services Group were worth $2,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Hartford Financial Services Group by 8,566.7% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,080 shares of the insurance provider’s stock valued at $106,000 after acquiring an additional 2,056 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at about $133,000. Hartford Financial Management Inc. purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at about $143,000. BTIM Corp. purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at about $211,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Hartford Financial Services Group during the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 89.47% of the company’s stock.

In other Hartford Financial Services Group news, CFO Beth Ann Bombara sold 23,906 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $52.63, for a total transaction of $1,258,172.78. Following the sale, the chief financial officer now directly owns 52,291 shares of the company’s stock, valued at approximately $2,752,075.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David C. Robinson sold 2,395 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $52.88, for a total transaction of $126,647.60. Following the sale, the executive vice president now directly owns 21,398 shares in the company, valued at $1,131,526.24. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Several research firms have weighed in on HIG. Credit Suisse Group began coverage on shares of Hartford Financial Services Group in a report on Tuesday, August 7th. They set a “neutral” rating and a $57.00 target price for the company. Sandler O’Neill began coverage on shares of Hartford Financial Services Group in a report on Monday, September 10th. They set a “buy” rating and a $60.00 target price for the company. Zacks Investment Research upgraded shares of Hartford Financial Services Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Monday, August 27th. B. Riley raised their target price on shares of Hartford Financial Services Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, TheStreet upgraded shares of Hartford Financial Services Group from a “c” rating to a “b” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $58.20.

Hartford Financial Services Group stock opened at $46.76 on Thursday. Hartford Financial Services Group Inc has a 12-month low of $45.96 and a 12-month high of $59.20. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.29 and a current ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 26th. The insurance provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Hartford Financial Services Group had a negative net margin of 12.24% and a positive return on equity of 9.84%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities research analysts expect that Hartford Financial Services Group Inc will post 4.76 EPS for the current fiscal year.

Hartford Financial Services Group Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

Further Reading: How Buying a Call Option Works

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hartford Financial Services Group Inc (NYSE:HIG).

Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.