Corient Private Wealth LLC Has $13.88 Million Stock Position in The Hartford Insurance Group, Inc. $HIG

Corient Private Wealth LLC increased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 100,753 shares of the insurance provider’s stock after buying an additional 5,423 shares during the quarter. Corient Private Wealth LLC’s holdings in The Hartford Insurance Group were worth $13,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in The Hartford Insurance Group during the 3rd quarter worth $26,000. Sunbelt Securities Inc. acquired a new stake in shares of The Hartford Insurance Group in the third quarter valued at about $29,000. United Financial Planning Group LLC acquired a new stake in shares of The Hartford Insurance Group in the third quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC increased its stake in shares of The Hartford Insurance Group by 144.8% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 152 shares during the period. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of The Hartford Insurance Group during the 4th quarter worth about $36,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HIG has been the subject of several recent analyst reports. Piper Sandler decreased their target price on The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. UBS Group cut their price target on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 27th. Cantor Fitzgerald reduced their price objective on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. 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, May 27th. Finally, Barclays dropped their target price on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $147.31.

Insider Buying and Selling

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the sale, the president owned 38,208 shares in the company, valued at $5,163,047.04. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

The Hartford Insurance Group Trading Up 1.4%

Shares of HIG opened at $131.26 on Wednesday. The stock’s 50-day moving average price is $133.27 and its 200 day moving average price is $135.34. 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 firm has a market capitalization of $35.98 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 2.36 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 12-month low of $119.61 and a 12-month high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 12.98 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is 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.