The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,040 shares of the insurance provider's stock after selling 12,699 shares during the period. Allspring Global Investments Holdings LLC's holdings in The Hartford Insurance Group were worth $14,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of The Hartford Insurance Group in the fourth quarter valued at about $416,340,000. GAMMA Investing LLC lifted its stake in The Hartford Insurance Group by 14,049.5% in the 1st quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock valued at $1,761,930,000 after buying an additional 1,413,945 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in The Hartford Insurance Group by 48.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after buying an additional 735,170 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in The Hartford Insurance Group by 11,904.7% in the 4th quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock worth $632,000 after buying an additional 626,304 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in The Hartford Insurance Group during the 4th quarter worth approximately $65,256,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Trading Up 1.5%

Shares of NYSE HIG traded up $1.81 during midday trading on Friday, reaching $124.71. 937,213 shares of the stock were exchanged, compared to its average volume of 1,589,296. The stock has a market capitalization of $35.43 billion, a P/E ratio of 12.43, a PEG ratio of 1.19 and a beta of 0.69. The Hartford Insurance Group, Inc. has a twelve month low of $98.16 and a twelve month high of $132.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50 day simple moving average of $126.78 and a 200 day simple moving average of $118.64.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The Hartford Insurance Group's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. As a group, equities analysts expect 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 was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.67%. The Hartford Insurance Group's payout ratio is currently 20.74%.

Wall Street Analyst Weigh In

HIG has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. UBS Group lifted their target price on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Piper Sandler increased their target price on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. raised their price target on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Insiders Place Their Bets

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company's stock.

About The Hartford Insurance Group

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.