15,957 Shares in The Hartford Insurance Group, Inc. $HIG Acquired by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel acquired 15,957 shares of The Hartford Insurance Group during the second quarter, valued at approximately $2.1 million. Institutional investors and hedge funds collectively own 93.42% of HIG.
• The Hartford reported quarterly earnings of $3.42 per share, exceeding estimates of $3.16, while revenue reached $7.26 billion, up 8.1% year over year. The company also declared a quarterly dividend of $0.60 per share, representing a 1.7% yield.
• HIG shares opened at $137.83, below the analyst consensus price target of $149.67. Analyst sentiment is mixed, with seven Buy ratings, ten Holds and one Sell, resulting in an overall “Hold” consensus.

Aurora Investment Counsel acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,957 shares of the insurance provider's stock, valued at approximately $2,115,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HIG. Haven Private LLC grew its position in The Hartford Insurance Group by 1.1% in the fourth quarter. Haven Private LLC now owns 6,751 shares of the insurance provider's stock worth $930,000 after acquiring an additional 71 shares during the period. GW&K Investment Management LLC raised its position in The Hartford Insurance Group by 40.3% in the fourth quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 77 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of The Hartford Insurance Group by 0.4% in the 4th quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider's stock valued at $2,432,000 after purchasing an additional 79 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of The Hartford Insurance Group by 3.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider's stock worth $305,000 after purchasing an additional 82 shares during the period. Finally, Castlekeep Investment Advisors LLC grew its holdings in shares of The Hartford Insurance Group by 0.7% during the 4th quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider's stock worth $1,810,000 after purchasing an additional 86 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Down 0.8%

Shares of HIG opened at $137.83 on Thursday. The company's 50-day simple moving average is $137.25 and its 200-day simple moving average is $136.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The stock has a market capitalization of $37.33 billion, a PE ratio of 8.91, a P/E/G ratio of 3.41 and a beta of 0.46.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.16 by $0.26. The firm had revenue of $7.26 billion during the quarter, compared to analysts' expectations of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.41 earnings per share. Analysts forecast that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be paid a $0.60 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The Hartford Insurance Group's payout ratio is 15.51%.

Insider Buying and Selling at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction 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 sale, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

HIG has been the topic of a number of recent analyst reports. Cantor Fitzgerald upped their target price on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. UBS Group dropped their price target on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their price objective on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. Barclays lowered their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an "overweight" rating for the company in a research report on Friday, June 12th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the company a "market perform" rating in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of "Hold" and a consensus price target of $149.67.

The Hartford Insurance Group 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.

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