Is Hartford Financial Services Group Inc (HIG) A Good Stock To Buy?

Consequently, specific money managers were breaking ground themselves. CQS Cayman LP, managed by Michael Hintze, assembled the most valuable call position in Hartford Financial Services Group Inc (NYSE:HIG). CQS Cayman LP had $11.4 million invested in the company at the end of the quarter. Porter Collins, Daniel Moses, and Vincent Daniel’s Seawolf Capital also initiated a $9.3 million position during the quarter. The following funds were also among the new HIG investors: Ken Heebner’s Capital Growth Management, Howard Shainker and Akiva Katz’s Bow Street LLC, and Peter Muller’s PDT Partners.

Let’s now take a look at hedge fund activity in other stocks similar to Hartford Financial Services Group Inc (NYSE:HIG). These stocks are TELUS Corporation (USA) (NYSE:TU), Fidelity National Information Services (NYSE:FIS), Ventas, Inc. (NYSE:VTR), and PACCAR Inc (NASDAQ:PCAR). All of these stocks’ market caps are closest to HIG’s market cap.

As you can see these stocks had an average of 25.25 hedge funds with bullish positions and the average amount invested in these stocks was $660 million. That figure was $1190 million in HIG’s case. Fidelity National Information Services (NYSE:FIS) is the most popular stock in this table. On the other hand TELUS Corporation (USA) (NYSE:TU) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Hartford Financial Services Group Inc (NYSE:HIG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.