8,356 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,356 shares of the insurance provider's stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First Pacific Financial bought a new stake in shares of The Hartford Insurance Group in the 1st quarter worth approximately $26,000. MidFirst Bank purchased a new stake in shares of The Hartford Insurance Group in the 2nd quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in The Hartford Insurance Group during the 3rd quarter valued at approximately $26,000. Navigoe LLC bought a new position in The Hartford Insurance Group during the 2nd quarter valued at approximately $27,000. Finally, Phillip James Consulting Co. purchased a new position in The Hartford Insurance Group during the first quarter valued at $29,000. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $139.03 on Tuesday. The firm has a market capitalization of $37.66 billion, a P/E ratio of 8.99, a PEG ratio of 3.34 and a beta of 0.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a one year low of $120.33 and a one year high of $146.07. The business has a fifty day moving average of $137.75 and a 200 day moving average of $136.64.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results 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 company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The Hartford Insurance Group's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.41 earnings per share. As a group, sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current year.

The Hartford Insurance Group Announces Dividend

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

Insider Buying and Selling at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president owned 38,208 shares of the company's stock, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on The Hartford Insurance Group from $165.00 to $164.00 and set an "overweight" rating on the stock in a research note on Monday, July 27th. Mizuho lifted their price target on The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. Cantor Fitzgerald upped their price target on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Piper Sandler reissued a "neutral" rating and set a $146.00 price objective (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Finally, UBS Group reduced their price objective on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of "Hold" and an average target price of $149.67.

The Hartford Insurance Group Company 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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