Adin Tooker Sells 8,895 Shares of The Hartford Insurance Group (NYSE:HIG) Stock

The Hartford Insurance Group, Inc. (NYSE:HIG) President Adin Tooker sold 8,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the transaction, the president directly owned 38,208 shares of the company’s stock, valued at $5,163,047.04. This trade represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

The Hartford Insurance Group Stock Performance

Shares of HIG stock opened at $127.29 on Friday. The Hartford Insurance Group, Inc. has a one year low of $119.61 and a one year high of $144.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50 day moving average price of $135.47 and a 200 day moving average price of $136.00. The firm has a market capitalization of $34.89 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.50.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the company posted $2.20 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 13.17 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.40 annualized dividend and a yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio is 16.87%.

Institutional Trading of The Hartford Insurance Group

A number of large investors have recently modified their holdings of HIG. Cornerstone Planning Group LLC increased its holdings in shares of The Hartford Insurance Group by 707.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 184 shares during the period. First Pacific Financial acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in shares of The Hartford Insurance Group in the 3rd quarter worth about $26,000. United Financial Planning Group LLC acquired a new stake in shares of The Hartford Insurance Group in the 3rd quarter worth about $29,000. Finally, Phillip James Consulting Co. acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HIG. UBS Group decreased their price objective on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Barclays decreased their price objective on shares of The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Cantor Fitzgerald decreased their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Citigroup boosted their price objective on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.31.

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.