87,845 Shares in The Hartford Insurance Group, Inc. $HIG Acquired by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. acquired a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 87,845 shares of the insurance provider's stock, valued at approximately $11,641,000.

Several other institutional investors have also added to or reduced their stakes in HIG. First Pacific Financial bought a new stake in shares of The Hartford Insurance Group in the 1st quarter worth $26,000. MidFirst Bank purchased a new position in shares of The Hartford Insurance Group in the second quarter worth $26,000. JPL Wealth Management LLC bought a new position in shares of The Hartford Insurance Group during the third quarter valued at $26,000. Navigoe LLC bought a new position in shares of The Hartford Insurance Group during the second quarter valued at $27,000. Finally, Phillip James Consulting Co. purchased a new stake in shares of The Hartford Insurance Group during the first quarter valued at $29,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the business'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 transaction of $1,201,981.35. Following the completion of the sale, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company's stock.

The Hartford Insurance Group Stock Down 0.6%

The Hartford Insurance Group stock opened at $136.30 on Friday. The Hartford Insurance Group, Inc. has a one year low of $120.33 and a one year high of $146.07. The stock has a fifty day moving average of $137.56 and a 200 day moving average of $136.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $36.92 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.46.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.26. The business had revenue of $7.26 billion for the quarter, compared to analysts' expectations of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $3.41 earnings per share. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 15.51%.

Analysts Set New Price Targets

Several research firms recently commented on HIG. Weiss Ratings downgraded The Hartford Insurance Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, May 27th. Barclays lowered their target price on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an "overweight" rating on the stock in a research note on Friday, June 12th. Piper Sandler reaffirmed a "neutral" rating and set a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Finally, Zacks Research cut shares of The Hartford Insurance Group from a "hold" rating to a "strong sell" rating in a report on Monday, July 27th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $149.67.

About The Hartford Insurance Group

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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