As Hartford Finl Svcs Group (HIG) Valuation Declined, New Vernon Investment Management Has Upped Position; Smead Capital Management Continues to Hold Stake in Target (TGT)

April 17, 2018 - By reb123z

Target Corporation (NYSE:TGT) Logo

Smead Capital Management Inc increased its stake in Target Corp (TGT) by 5.63% based on its latest 2017Q4 regulatory filing with the SEC. Smead Capital Management Inc bought 76,440 shares as the company’s stock rose 4.77% while stock markets declined. The institutional investor held 1.43 million shares of the department and specialty retail stores company at the end of 2017Q4, valued at $93.61M, up from 1.36 million at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Target Corp for a number of months, seems to be bullish on the $39.12 billion market cap company. The stock increased 0.85% or $0.61 during the last trading session, reaching $72.61. About 1.37 million shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since April 17, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

New Vernon Investment Management Llc increased its stake in Hartford Finl Svcs Group Inc (HIG) by 8.87% based on its latest 2017Q4 regulatory filing with the SEC. New Vernon Investment Management Llc bought 10,673 shares as the company’s stock declined 7.99% with the market. The hedge fund held 131,018 shares of the finance company at the end of 2017Q4, valued at $7.37 million, up from 120,345 at the end of the previous reported quarter. New Vernon Investment Management Llc who had been investing in Hartford Finl Svcs Group Inc for a number of months, seems to be bullish on the $18.73B market cap company. The stock decreased 0.31% or $0.16 during the last trading session, reaching $51.88. About 513,467 shares traded. The Hartford Financial Services Group, Inc. (NYSE:HIG) has risen 7.71% since April 17, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.09, from 0.83 in 2017Q3. It turned negative, as 43 investors sold HIG shares while 216 reduced holdings. 50 funds opened positions while 142 raised stakes. 305.90 million shares or 1.47% less from 310.47 million shares in 2017Q3 were reported. Numeric Ltd Liability Corporation, Massachusetts-based fund reported 12,600 shares. 18,698 are owned by Dreman Value Mngmt L L C. Drw Limited Co holds 4,992 shares. Lombard Odier Asset (Switzerland) owns 49,142 shares. Karpas Strategies Ltd Liability Corporation has 0.12% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 5,000 shares. Korea Inv, Korea-based fund reported 163,914 shares. San Francisco Sentry Investment (Ca) holds 0% in The Hartford Financial Services Group, Inc. (NYSE:HIG) or 225 shares. Thomas White Int reported 0.23% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG). Retail Bank Of New York Mellon holds 7.52M shares or 0.11% of its portfolio. Shell Asset Management Company has invested 0.02% in The Hartford Financial Services Group, Inc. (NYSE:HIG). First Allied Advisory Ser Inc has 6,468 shares. Renaissance Tech Limited Liability Co has 0.02% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG). Hm Mgmt Ltd owns 0.18% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 3,900 shares. Credit Suisse Ag stated it has 0.03% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Ubs Asset Mgmt Americas holds 0.07% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 1.47 million shares.

Among 18 analysts covering Hartford Financial (NYSE:HIG), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Hartford Financial had 50 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained The Hartford Financial Services Group, Inc. (NYSE:HIG) on Wednesday, August 19 with “Buy” rating. The firm earned “Hold” rating on Wednesday, April 19 by Wells Fargo. The firm earned “Buy” rating on Monday, October 9 by RBC Capital Markets. The rating was initiated by Nomura on Tuesday, January 19 with “Neutral”. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) has “Outperform” rating given on Monday, August 3 by FBR Capital. On Tuesday, July 28 the stock rating was maintained by M Partners with “Buy”. The firm earned “Buy” rating on Monday, December 4 by Keefe Bruyette & Woods. On Wednesday, October 28 the stock rating was downgraded by Atlantic Securities to “Neutral”. On Thursday, March 30 the stock rating was maintained by Wells Fargo with “Hold”. Barclays Capital maintained The Hartford Financial Services Group, Inc. (NYSE:HIG) on Friday, August 11 with “Overweight” rating.

Since March 5, 2018, it had 0 insider buys, and 4 insider sales for $5.27 million activity. Lewis Scott R. also sold $124,925 worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) on Tuesday, March 6. 868 shares valued at $44,607 were sold by Robinson David C on Monday, March 5. Gervasi Martha had sold 11,247 shares worth $618,585 on Friday, March 9.

The Hartford Financial Services Group, Inc. (NYSE:HIG) Institutional Positions Chart

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