Amundi Has $238.19 Million Stock Position in The Hartford Insurance Group, Inc. $HIG

Key Points

• Amundi increased its Hartford Insurance Group position by 3.6% in the second quarter, acquiring 62,960 additional shares. Its 1.8 million-share stake was valued at approximately $238.2 million, while institutional investors collectively owned 93.42% of HIG.
• Analysts maintain a broadly neutral outlook, with a consensus “Hold” rating and an average price target of $149.67. Individual targets ranged from $146 to $163.
• Hartford exceeded quarterly expectations, reporting $3.42 in EPS on $7.26 billion in revenue, with revenue up 8.1% year over year. The company also declared a $0.60 quarterly dividend, implying a 1.7% yield.

Amundi grew its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,797,426 shares of the insurance provider's stock after acquiring an additional 62,960 shares during the quarter. Amundi owned 0.66% of The Hartford Insurance Group worth $238,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Haven Private LLC raised its stake in shares of The Hartford Insurance Group by 1.1% in the fourth quarter. Haven Private LLC now owns 6,751 shares of the insurance provider's stock worth $930,000 after purchasing an additional 71 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of The Hartford Insurance Group by 40.3% during the fourth quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider's stock worth $37,000 after purchasing an additional 77 shares during the period. Kestra Advisory Services LLC boosted its position in The Hartford Insurance Group by 0.4% in the fourth quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider's stock valued at $2,432,000 after buying an additional 79 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in The Hartford Insurance Group by 3.8% in the first quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider's stock valued at $305,000 after buying an additional 82 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC raised its position in The Hartford Insurance Group by 0.7% during the 4th quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider's stock worth $1,810,000 after buying an additional 86 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on HIG. Royal Bank Of Canada lifted their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. Zacks Research upgraded shares of The Hartford Insurance Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 25th. Mizuho raised their target price on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Piper Sandler restated a "neutral" rating and set a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of The Hartford Insurance Group in a report on Monday, August 24th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $149.67.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $138.19 on Tuesday. 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 company has a 50 day moving average price of $139.24 and a 200-day moving average price of $136.40. The Hartford Insurance Group, Inc. has a 1-year low of $120.33 and a 1-year high of $146.07. The firm has a market cap of $37.43 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.43 and a beta of 0.45.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.41 earnings per share. Equities research analysts forecast 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. Stockholders of record on Tuesday, September 1st will be given a $0.60 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group's payout ratio is 15.51%.

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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