Burns Matteson Capital Management LLC Takes Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Burns Matteson Capital Management LLC purchased a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,088 shares of the insurance provider's stock, valued at approximately $506,000.

A number of other institutional investors also recently modified their holdings of HIG. Park Square Financial Group LLC increased its holdings in The Hartford Insurance Group by 146.2% in the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in The Hartford Insurance Group during the fourth quarter worth approximately $33,000. Center for Financial Planning Inc. acquired a new stake in The Hartford Insurance Group during the first quarter worth approximately $33,000. Itau Unibanco Holding S.A. bought a new position in The Hartford Insurance Group in the fourth quarter worth approximately $35,000. Finally, Flagship Wealth Advisors LLC bought a new position in The Hartford Insurance Group in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Trading Up 0.4%

Shares of NYSE HIG traded up $0.51 during midday trading on Friday, reaching $122.84. The company had a trading volume of 1,608,532 shares, compared to its average volume of 1,600,144. The Hartford Insurance Group, Inc. has a one year low of $101.02 and a one year high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The firm's fifty day moving average price is $126.37 and its 200-day moving average price is $119.51. The stock has a market cap of $34.90 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the business earned $2.34 EPS. The Hartford Insurance Group's revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.69%. The Hartford Insurance Group's dividend payout ratio is 20.74%.

Analysts Set New Price Targets

HIG has been the topic of a number of recent research reports. UBS Group raised their target price on The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Piper Sandler lifted their price target on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Barclays dropped their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Raymond James Financial lifted their price objective on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Finally, Wells Fargo & Company lifted their price objective on The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $133.67.

Insider Buying and Selling

In other news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares of the company's stock, valued at $74,279.24. This represents a 63.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company's stock.

The Hartford Insurance Group Profile

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.