Insider Selling: The Hartford Insurance Group (NYSE:HIG) CEO Sells $27,546,362.58 in Stock

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) CEO Christopher Swift sold 201,938 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the transaction, the chief executive officer owned 194,817 shares in the company, valued at approximately $26,574,986.97. This represents a 50.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Christopher Swift also recently made the following trade(s):

  • On Wednesday, February 4th, Christopher Swift sold 100,970 shares of The Hartford Insurance Group stock. The shares were sold at an average price of $140.78, for a total value of $14,214,556.60.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG opened at $142.64 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.32. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50. The business’s 50-day moving average price is $135.10 and its two-hundred day moving average price is $131.75. The company has a market capitalization of $39.75 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.84. The business had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.94 EPS. Analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

Institutional Trading of The Hartford Insurance Group

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in The Hartford Insurance Group during the first quarter worth about $207,000. Ameritas Advisory Services LLC acquired a new position in The Hartford Insurance Group during the 2nd quarter valued at about $199,000. Belpointe Asset Management LLC lifted its holdings in The Hartford Insurance Group by 8.3% in the second quarter. Belpointe Asset Management LLC now owns 6,252 shares of the insurance provider’s stock valued at $793,000 after buying an additional 481 shares during the period. Shell Asset Management Co. boosted its position in shares of The Hartford Insurance Group by 26.1% in the 2nd quarter. Shell Asset Management Co. now owns 56,755 shares of the insurance provider’s stock worth $7,201,000 after purchasing an additional 11,732 shares during the last quarter. Finally, DMC Group LLC boosted its holdings in The Hartford Insurance Group by 9.1% during the second quarter. DMC Group LLC now owns 5,578 shares of the insurance provider’s stock worth $708,000 after buying an additional 464 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HIG shares. Keefe, Bruyette & Woods increased their target price on shares of The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Thursday. Roth Mkm raised their price objective on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Wells Fargo & Company boosted their target price on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. UBS Group increased 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. Finally, Royal Bank Of Canada began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.13.

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About The Hartford Insurance Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for The Hartford Insurance Group (NYSE:HIG)

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