BDF Gestion Has $3.49 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

BDF Gestion trimmed its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 17.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,159 shares of the insurance provider’s stock after selling 5,440 shares during the quarter. BDF Gestion’s holdings in The Hartford Insurance Group were worth $3,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HIG. Armstrong Advisory Group Inc. raised its position in The Hartford Insurance Group by 5.8% during the third quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider’s stock worth $195,000 after acquiring an additional 80 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of The Hartford Insurance Group by 3.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 85 shares during the period. Fidelis Capital Partners LLC lifted its stake in The Hartford Insurance Group by 4.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock valued at $262,000 after purchasing an additional 86 shares during the last quarter. BayBridge Capital Group LLC grew its holdings in The Hartford Insurance Group by 2.4% during the second quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock worth $479,000 after purchasing an additional 89 shares during the period. Finally, GSB Wealth Management LLC increased its position in The Hartford Insurance Group by 2.4% during the second quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider’s stock worth $488,000 after buying an additional 90 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Insurance Group Stock Performance

HIG opened at $139.05 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $139.92. The firm has a market cap of $38.75 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.30 and a beta of 0.63. The business’s fifty day moving average is $131.02 and its 200-day moving average is $129.15.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.76. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The Hartford Insurance Group’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.53 earnings per share. Sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 1st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is 19.61%.

Insider Transactions at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,252,344. This trade represents a 29.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HIG. Royal Bank Of Canada started coverage on The Hartford Insurance Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price objective for the company. UBS Group raised their price target on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 8th. Mizuho assumed coverage on shares of The Hartford Insurance Group in a report on Tuesday. They issued an “outperform” rating and a $160.00 price objective on the stock. Evercore ISI raised their target price on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.60.

About The Hartford Insurance Group

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.