AlphaQuest LLC Buys 10,525 Shares of The Hartford Insurance Group, Inc. $HIG

AlphaQuest LLC boosted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 48.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,271 shares of the insurance provider’s stock after acquiring an additional 10,525 shares during the period. AlphaQuest LLC’s holdings in The Hartford Insurance Group were worth $4,305,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HIG. Ashton Thomas Private Wealth LLC bought a new position in The Hartford Insurance Group in the 1st quarter worth $207,000. Janney Montgomery Scott LLC lifted its position in shares of The Hartford Insurance Group by 7.8% in the second quarter. Janney Montgomery Scott LLC now owns 145,733 shares of the insurance provider’s stock valued at $18,489,000 after acquiring an additional 10,527 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of The Hartford Insurance Group by 2.7% in the second quarter. HB Wealth Management LLC now owns 7,795 shares of the insurance provider’s stock valued at $989,000 after acquiring an additional 207 shares in the last quarter. Capital Investment Advisors LLC bought a new position in shares of The Hartford Insurance Group in the second quarter worth about $246,000. Finally, Cooper Financial Group grew its position in shares of The Hartford Insurance Group by 21.2% during the second quarter. Cooper Financial Group now owns 3,135 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HIG. Keefe, Bruyette & Woods boosted their price target on The Hartford Insurance Group from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Piper Sandler lifted their price objective on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Cantor Fitzgerald upped their target price on shares of The Hartford Insurance Group from $152.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. UBS Group raised 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. Finally, Wall Street Zen downgraded shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.47.

Insider Transactions at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,339 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at $10,595,056.92. This trade represents a 31.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $132.35 on Friday. 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 quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $134.83 and its 200 day moving average is $131.01. The company has a market cap of $36.88 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.06 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.98. The firm had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. Sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Company 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.