Advisor Resource Council Invests $2.20 Million in The Hartford Insurance Group, Inc. (NYSE:HIG)

Advisor Resource Council bought a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,764 shares of the insurance provider's stock, valued at approximately $2,198,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Spurstone Advisory Services LLC bought a new stake in The Hartford Insurance Group during the 4th quarter worth approximately $33,000. Itau Unibanco Holding S.A. bought a new stake in The Hartford Insurance Group during the fourth quarter worth $35,000. Flagship Wealth Advisors LLC purchased a new stake in The Hartford Insurance Group in the 4th quarter valued at $36,000. Curat Global LLC bought a new position in The Hartford Insurance Group during the 1st quarter valued at $49,000. Finally, Smithfield Trust Co boosted its holdings in The Hartford Insurance Group by 26.7% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock worth $51,000 after acquiring an additional 100 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the transaction, the senior vice president now directly owns 622 shares of the company's stock, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the completion of the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $26,385,250. The trade was a 0.54% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HIG has been the subject of several analyst reports. UBS Group increased their target price on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Piper Sandler boosted their target price on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Barclays increased their price target on The Hartford Insurance Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Raymond James Financial boosted their price objective on The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, The Hartford Insurance Group has an average rating of "Moderate Buy" and an average price target of $131.15.

The Hartford Insurance Group Stock Performance

NYSE:HIG traded up $1.16 on Friday, reaching $126.06. 2,967,242 shares of the company's stock were exchanged, compared to its average volume of 1,582,885. The stock has a fifty day simple moving average of $125.38 and a 200-day simple moving average of $117.99. The Hartford Insurance Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $35.81 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.22 and a beta of 0.71.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period 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. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.65%. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.

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.