2,552 Shares in The Hartford Insurance Group, Inc. $HIG Acquired by Ground Swell Capital LLC

Key Points

• Ground Swell Capital LLC acquired 2,552 shares of The Hartford Insurance Group, valued at approximately $324,000, making it the company's 23rd largest holding.
• Several institutional investors have significantly increased their positions in The Hartford Insurance Group, with Woodline Partners LP boosting its stake by 28,218.5%.
• The Hartford Insurance Group reported $3.41 earnings per share, exceeding analysts' expectations, with a net margin of 11.83% during the last quarter.

Ground Swell Capital LLC bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,552 shares of the insurance provider's stock, valued at approximately $324,000. The Hartford Insurance Group makes up about 0.5% of Ground Swell Capital LLC's holdings, making the stock its 23rd biggest holding.

Several other institutional investors have also modified their holdings of HIG. Woodline Partners LP lifted its position in The Hartford Insurance Group by 28,218.5% in the first quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider's stock worth $93,763,000 after buying an additional 755,128 shares during the last quarter. Nuveen LLC purchased a new position in shares of The Hartford Insurance Group during the first quarter valued at approximately $87,516,000. Bahl & Gaynor Inc. boosted its stake in shares of The Hartford Insurance Group by 47.0% during the first quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider's stock valued at $264,972,000 after purchasing an additional 684,390 shares during the period. Amundi raised its stake in shares of The Hartford Insurance Group by 27.4% during the first quarter. Amundi now owns 1,943,498 shares of the insurance provider's stock valued at $239,905,000 after acquiring an additional 417,951 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in The Hartford Insurance Group by 38.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider's stock valued at $189,427,000 after purchasing an additional 414,216 shares during the period. 93.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Donald Christian Hunt sold 2,124 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer owned 77,574 shares of the company's stock, valued at approximately $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

The Hartford Insurance Group Stock Up 0.1%

Shares of NYSE:HIG opened at $125.05 on Friday. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $35.16 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69. The firm has a 50 day simple moving average of $131.01 and a 200-day simple moving average of $126.66.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 earnings per share. On average, equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Wells Fargo & Company boosted their target price on shares of The Hartford Insurance Group from $139.00 to $147.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Citigroup began coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price target for the company. Barclays decreased their price target on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 price objective (up previously from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.07.

About The Hartford Insurance Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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