4,196 Shares in The Hartford Insurance Group, Inc. $HIG Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 4,196 shares of The Hartford Insurance Group, Inc. ($HIG) valued at approximately $519,000, indicating growing institutional interest in the stock.
• Wall Street analysts maintain a mixed outlook on The Hartford, with a price target ranging from $138.00 to $150.00 and ratings varying from "buy" to "hold".
• The Hartford recently announced a quarterly dividend of $0.52 per share, representing a yield of 1.6% and a payout ratio of 18.86%.

Caxton Associates LLP acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,196 shares of the insurance provider's stock, valued at approximately $519,000.

Several other hedge funds also recently bought and sold shares of HIG. Voleon Capital Management LP bought a new position in shares of The Hartford Insurance Group during the first quarter worth $610,000. Fred Alger Management LLC boosted its position in shares of The Hartford Insurance Group by 3.1% during the first quarter. Fred Alger Management LLC now owns 35,601 shares of the insurance provider's stock worth $4,423,000 after purchasing an additional 1,061 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of The Hartford Insurance Group during the first quarter worth $207,000. Jones Financial Companies Lllp boosted its position in shares of The Hartford Insurance Group by 387.8% during the first quarter. Jones Financial Companies Lllp now owns 21,355 shares of the insurance provider's stock worth $2,642,000 after purchasing an additional 16,977 shares in the last quarter. Finally, Teza Capital Management LLC boosted its position in shares of The Hartford Insurance Group by 62.3% during the first quarter. Teza Capital Management LLC now owns 3,468 shares of the insurance provider's stock worth $429,000 after purchasing an additional 1,331 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HIG. Barclays reduced 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 report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. UBS Group increased their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Piper Sandler increased their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded shares of The Hartford Insurance Group from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.00.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $133.28 on Friday. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The firm has a fifty day simple moving average of $127.58 and a 200 day simple moving average of $124.36. The stock has a market capitalization of $37.47 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.27 and a beta of 0.72. 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 Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $7.02 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. Research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.6%. The Hartford Insurance Group's dividend payout ratio is presently 18.86%.

Insider Buying and Selling at The Hartford Insurance Group

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

The Hartford Insurance Group Company 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.

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