7,925 Shares in The Hartford Insurance Group, Inc. $HIG Acquired by 111 Capital

Key Points

• 111 Capital acquired 7,925 shares of The Hartford Insurance Group, valued at approximately $1,005,000, during the second quarter.
• Institutional investors collectively hold 93.42% of the company's stock, indicating strong interest and investment in the firm.
• Recent analyst reports show mixed ratings, with target prices ranging from $135.00 to $142.00, reflecting a consensus average target price of $137.93.

111 Capital acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,925 shares of the insurance provider's stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp increased its position in The Hartford Insurance Group by 11.3% in the first quarter. Northern Trust Corp now owns 3,936,615 shares of the insurance provider's stock worth $487,077,000 after purchasing an additional 398,950 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of The Hartford Insurance Group by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider's stock worth $434,181,000 after buying an additional 60,116 shares during the period. Bahl & Gaynor Inc. grew its position in shares of The Hartford Insurance Group by 47.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider's stock worth $264,972,000 after buying 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 worth $239,905,000 after buying an additional 417,951 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in The Hartford Insurance Group by 31.9% in the first quarter. AustralianSuper Pty Ltd now owns 1,600,215 shares of the insurance provider's stock valued at $197,995,000 after buying an additional 387,141 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HIG has been the subject of a number of analyst reports. Barclays lowered their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Friday. Weiss Ratings reissued a "buy (a-)" rating on shares of The Hartford Insurance Group in a research note on Saturday, September 27th. Morgan Stanley boosted their target price on The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $137.93.

The Hartford Insurance Group Stock Up 0.4%

Shares of The Hartford Insurance Group stock opened at $133.51 on Friday. The company has a market capitalization of $37.54 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50-day moving average of $130.65 and a two-hundred day moving average of $125.97. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $135.17.

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

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The Hartford Insurance Group's dividend payout ratio is currently 18.86%.

Insider Buying and Selling at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,340 shares of the firm's stock in a transaction 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 sale, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $284,339.88. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.

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