American Century Companies Inc. Grows Stake in The Hartford Insurance Group, Inc. $HIG

American Century Companies Inc. boosted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 981,132 shares of the insurance provider’s stock after acquiring an additional 25,232 shares during the quarter. American Century Companies Inc.’s holdings in The Hartford Insurance Group were worth $130,873,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of The Hartford Insurance Group during the 3rd quarter valued at about $3,145,000. Aster Capital Management DIFC Ltd grew its position in The Hartford Insurance Group by 211.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 6,832 shares of the insurance provider’s stock valued at $911,000 after buying an additional 4,641 shares during the period. Handelsbanken Fonder AB increased its holdings in The Hartford Insurance Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 63,140 shares of the insurance provider’s stock valued at $8,422,000 after buying an additional 3,878 shares during the last quarter. Generali Investments Management Co LLC increased its holdings in The Hartford Insurance Group by 79.1% during the third quarter. Generali Investments Management Co LLC now owns 847 shares of the insurance provider’s stock valued at $113,000 after buying an additional 374 shares during the last quarter. Finally, Andra AP fonden raised its position in The Hartford Insurance Group by 20.5% in the third quarter. Andra AP fonden now owns 55,300 shares of the insurance provider’s stock worth $7,376,000 after acquiring an additional 9,400 shares during the period. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 100,970 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $140.78, for a total value of $14,214,556.60. Following the sale, the chief executive officer owned 194,817 shares in the company, valued at $27,426,337.26. The trade was a 34.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 343,928 shares of company stock worth $47,393,256. Insiders own 1.60% of the company’s stock.

The Hartford Insurance Group Stock Down 0.3%

NYSE HIG opened at $140.69 on Monday. The Hartford Insurance Group, Inc. has a 12 month low of $107.49 and a 12 month high of $144.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The stock has a market cap of $38.81 billion, a PE ratio of 10.55, a P/E/G ratio of 1.37 and a beta of 0.60. The stock’s 50 day moving average is $137.11 and its 200 day moving average is $133.47.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $2.94 EPS. Research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 17.99%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HIG shares. Keefe, Bruyette & Woods upped their price objective on The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. UBS Group boosted 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. Wells Fargo & Company upped their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Evercore lifted their price objective on The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Finally, Roth Mkm boosted 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $148.13.

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.