Atlas Capital Advisors Inc. Buys Shares of 7,900 The Hartford Insurance Group, Inc. $HIG

Atlas Capital Advisors Inc. purchased a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,900 shares of the insurance provider’s stock, valued at approximately $1,089,000.

A number of other large investors have also modified their holdings of HIG. JPL Wealth Management LLC purchased a new stake in shares of The Hartford Insurance Group during the third quarter worth about $26,000. United Financial Planning Group LLC purchased a new stake in shares of The Hartford Insurance Group during the third quarter worth about $29,000. Sunbelt Securities Inc. purchased a new stake in shares of The Hartford Insurance Group during the third quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of The Hartford Insurance Group by 144.8% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 152 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of The Hartford Insurance Group by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the business’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 value of $1,201,981.35. Following the completion of the transaction, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, May 27th. Bank of America boosted their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Mizuho dropped their price target on The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, Cantor Fitzgerald dropped their price target on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.31.

The Hartford Insurance Group Stock Performance

Shares of HIG stock opened at $129.49 on Monday. The Hartford Insurance Group, Inc. has a 52-week low of $119.61 and a 52-week high of $144.50. The stock has a market cap of $35.50 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 2.35 and a beta of 0.47. The business has a 50-day simple moving average of $134.34 and a 200-day simple moving average of $135.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the firm posted $2.20 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that The Hartford Insurance Group, Inc. will post 13.05 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. Shareholders of record on Monday, June 1st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The Hartford Insurance Group’s payout ratio is presently 16.87%.

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.