AustralianSuper Pty Ltd Has $245.64 Million Position in The Hartford Insurance Group, Inc. $HIG

AustralianSuper Pty Ltd increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841,503 shares of the insurance provider’s stock after purchasing an additional 235,743 shares during the period. The Hartford Insurance Group makes up 1.1% of AustralianSuper Pty Ltd’s portfolio, making the stock its 16th biggest position. AustralianSuper Pty Ltd’s holdings in The Hartford Insurance Group were worth $245,638,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Princeton Global Asset Management LLC acquired a new stake in The Hartford Insurance Group during the 3rd quarter worth approximately $27,000. Private Wealth Management Group LLC increased its position in shares of The Hartford Insurance Group by 151.1% during the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 133 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of The Hartford Insurance Group by 72.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of The Hartford Insurance Group during the second quarter worth $35,000. Finally, Addison Advisors LLC lifted its position in The Hartford Insurance Group by 129.3% in the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 181 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Insider Buying and Selling at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their target price 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. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Monday, December 29th. UBS Group increased their price objective on The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Royal Bank Of Canada initiated coverage on The Hartford Insurance Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 target price on the stock. Finally, Argus upped their price target on The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.47.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG opened at $130.66 on Thursday. The stock has a 50 day moving average price of $134.88 and a 200 day moving average price of $131.00. 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 debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $36.41 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.76. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share 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.