Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.98 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 20.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 29,864 shares of the insurance provider’s stock after selling 7,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in The Hartford Insurance Group were worth $3,984,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HIG. Princeton Global Asset Management LLC acquired a new stake in The Hartford Insurance Group during the 3rd quarter worth about $27,000. Private Wealth Management Group LLC lifted its position in shares of The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 133 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of The Hartford Insurance Group by 72.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 99 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in The Hartford Insurance Group during the second quarter valued at approximately $35,000. Finally, Signature Resources Capital Management LLC acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at approximately $38,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIG has been the subject of a number of research reports. UBS Group lifted their target price on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Royal Bank Of Canada started coverage on The Hartford Insurance Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 target price on the stock. JPMorgan Chase & Co. upped their target price on The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price target on The Hartford Insurance Group from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Argus boosted their price target on The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.47.

The Hartford Insurance Group Stock Performance

HIG opened at $129.49 on Monday. The stock has a 50-day moving average of $135.31 and a 200-day moving average of $130.67. 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 $105.98 and a 52-week high of $140.50. The company has a market cap of $36.08 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.17 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results 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 Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period in the previous year, the company earned $2.53 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast 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. Investors of record on Monday, December 1st were issued a $0.60 dividend. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.9%. The Hartford Insurance Group’s payout ratio is 19.61%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were 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 in the company, valued at $2,252,344. This represents a 29.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of The Hartford Insurance Group stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the transaction, the chief financial officer owned 77,574 shares in the company, valued at $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Profile

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.