The Hartford Insurance Group, Inc. $HIG Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,928 shares of the insurance provider’s stock after acquiring an additional 5,578 shares during the quarter. Commonwealth Equity Services LLC’s holdings in The Hartford Insurance Group were worth $15,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. West Paces Advisors Inc. raised its holdings in shares of The Hartford Insurance Group by 11.5% in the 3rd quarter. West Paces Advisors Inc. now owns 2,988 shares of the insurance provider’s stock worth $399,000 after purchasing an additional 309 shares in the last quarter. Asset Management One Co. Ltd. grew its position in The Hartford Insurance Group by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 152,049 shares of the insurance provider’s stock worth $20,282,000 after buying an additional 1,494 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of The Hartford Insurance Group by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 54,172 shares of the insurance provider’s stock valued at $7,226,000 after buying an additional 296 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of The Hartford Insurance Group during the 3rd quarter valued at $863,000. Finally, NTV Asset Management LLC lifted its position in shares of The Hartford Insurance Group by 4.4% during the 3rd quarter. NTV Asset Management LLC now owns 4,886 shares of the insurance provider’s stock valued at $652,000 after acquiring an additional 206 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of recent research reports. Piper Sandler lifted their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods lifted their price target on The Hartford Insurance Group from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Monday, December 29th. Wells Fargo & Company decreased their target price on shares of The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Wall Street Zen lowered shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.07.

The Hartford Insurance Group Stock Down 1.2%

HIG stock opened at $136.20 on Friday. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $140.50. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The company has a market cap of $37.95 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.25 and a beta of 0.61. The company has a 50 day moving average of $134.88 and a two-hundred day moving average of $130.36.

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

The Hartford Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 1st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, December 1st. The Hartford Insurance Group’s dividend payout ratio is presently 19.61%.

Insider Activity

In other news, EVP Lori A. Rodden sold 7,841 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.50% of the company’s stock.

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.