Teacher Retirement System of Texas lowered its holdings in Hartford Financial Services Group Inc (NYSE:HIG) by 63.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 532,783 shares of the insurance provider’s stock after selling 920,159 shares during the period. Teacher Retirement System of Texas’ holdings in Hartford Financial Services Group were worth $29,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HIG. Renaissance Technologies LLC acquired a new stake in Hartford Financial Services Group in the 2nd quarter valued at approximately $12,307,000. Stifel Financial Corp grew its holdings in Hartford Financial Services Group by 16.8% in the 2nd quarter. Stifel Financial Corp now owns 68,626 shares of the insurance provider’s stock valued at $3,616,000 after buying an additional 9,849 shares during the last quarter. HighTower Advisors LLC grew its holdings in Hartford Financial Services Group by 3.8% in the 2nd quarter. HighTower Advisors LLC now owns 23,992 shares of the insurance provider’s stock valued at $1,260,000 after buying an additional 888 shares during the last quarter. Sciencast Management LP acquired a new stake in Hartford Financial Services Group in the 2nd quarter valued at approximately $237,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Hartford Financial Services Group by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 757,759 shares of the insurance provider’s stock valued at $39,836,000 after buying an additional 8,333 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hartford Financial Services Group Inc (HIG) opened at $55.86 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. Hartford Financial Services Group Inc has a 52-week low of $46.35 and a 52-week high of $59.20. The company has a market capitalization of $19,665.90, a P/E ratio of 42.64, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93.

A number of analysts have issued reports on the company. ValuEngine raised Hartford Financial Services Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Hartford Financial Services Group from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays raised their target price on Hartford Financial Services Group from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Goldman Sachs Group assumed coverage on Hartford Financial Services Group in a report on Monday, December 4th. They issued a “neutral” rating and a $59.00 target price on the stock. Finally, B. Riley reaffirmed a “neutral” rating on shares of Hartford Financial Services Group in a report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Hartford Financial Services Group currently has an average rating of “Buy” and a consensus price target of $58.92.

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Hartford Financial Services Group Profile

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

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