APG Asset Management N.V. Has $28.95 Million Stock Position in The Hartford Insurance Group, Inc. $HIG

Key Points

• APG Asset Management N.V. reduced its stake in The Hartford Insurance Group by 6.1%, now owning 252,700 shares valued at approximately $28.9 million.
• The company's recent quarterly earnings revealed an EPS of $3.41, exceeding analysts' expectations and demonstrating a 7.7% year-over-year revenue growth.
• The Hartford Insurance Group has announced a quarterly dividend of $0.52 per share, signaling a dividend yield of 1.6%.

APG Asset Management N.V. lowered its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,700 shares of the insurance provider's stock after selling 16,300 shares during the period. APG Asset Management N.V. owned about 0.09% of The Hartford Insurance Group worth $28,945,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HIG. GAMMA Investing LLC increased its position in shares of 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. increased its position in shares of 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 valued at $247,761,000 after buying an additional 735,170 shares in the last quarter. Nuveen LLC acquired a new position in The Hartford Insurance Group in the 1st quarter worth $87,516,000. Bahl & Gaynor Inc. boosted its stake in The Hartford Insurance Group by 47.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider's stock worth $264,972,000 after purchasing an additional 684,390 shares during the period. Finally, Northern Trust Corp boosted its stake in The Hartford Insurance Group by 17.2% in the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock worth $387,021,000 after purchasing an additional 519,717 shares during the period. Institutional investors own 93.42% of the company's stock.

Insider Transactions at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,340 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $152.00 target price for the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price (up from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $137.64.

The Hartford Insurance Group Stock Up 0.3%

Shares of The Hartford Insurance Group stock traded up $0.46 during trading hours on Wednesday, reaching $133.29. 1,150,167 shares of the company's stock were exchanged, compared to its average volume of 1,639,383. The company has a 50 day moving average of $125.92 and a two-hundred day moving average of $122.77. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $134.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.48 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.29 and a beta of 0.67.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the prior year, the business posted $2.50 EPS. The company's quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is 18.86%.

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.