Diversified Trust Co Has $493,000 Holdings in The Hartford Insurance Group, Inc. $HIG

Diversified Trust Co lessened its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 65.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,648 shares of the insurance provider’s stock after selling 6,996 shares during the quarter. Diversified Trust Co’s holdings in The Hartford Insurance Group were worth $493,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HIG. JPL Wealth Management LLC acquired a new stake in The Hartford Insurance Group in the 3rd quarter valued at $26,000. United Financial Planning Group LLC acquired a new position in shares of The Hartford Insurance Group during the 3rd quarter worth about $29,000. Sunbelt Securities Inc. acquired a new position in shares of The Hartford Insurance Group during the 3rd quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of The Hartford Insurance Group by 144.8% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 152 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of The Hartford Insurance Group by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HIG shares. Cantor Fitzgerald dropped their target price on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Barclays decreased their price target on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Wells Fargo & Company lowered their price target on The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Mizuho dropped their price objective 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, Weiss Ratings downgraded The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group has an average rating of “Moderate Buy” and an average price target of $147.31.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $130.31 on Friday. The Hartford Insurance Group, Inc. has a 12-month low of $119.61 and a 12-month high of $144.50. The firm has a market capitalization of $35.72 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 2.42 and a beta of 0.47. The stock’s 50 day moving average price is $132.97 and its two-hundred day moving average price is $135.36. 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 issued its 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 business had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 earnings per share. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 12.9 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s payout ratio is 16.87%.

Insider Buying and Selling

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

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.