Asset Management One Co. Ltd. Acquires 7,765 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Asset Management One Co. Ltd. boosted its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,775 shares of the insurance provider's stock after acquiring an additional 7,765 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of The Hartford Insurance Group worth $18,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HIG. Spurstone Advisory Services LLC bought a new position in The Hartford Insurance Group in the 4th quarter valued at approximately $33,000. Center for Financial Planning Inc. bought a new position in The Hartford Insurance Group in the 1st quarter valued at approximately $33,000. Itau Unibanco Holding S.A. bought a new position in The Hartford Insurance Group in the 4th quarter valued at approximately $35,000. Flagship Wealth Advisors LLC bought a new position in The Hartford Insurance Group in the 4th quarter valued at approximately $36,000. Finally, Curat Global LLC purchased a new stake in The Hartford Insurance Group during the 1st quarter valued at $49,000. 93.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CEO Christopher Swift sold 1,144 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were 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 owns 211,082 shares of the company's stock, valued at $26,385,250. This represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following 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 disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of research reports. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Morgan Stanley boosted their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods decreased their target price on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. UBS Group boosted 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 research note on Monday, April 28th. Finally, Wells Fargo & Company decreased their target price on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. 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 company's stock. According to MarketBeat.com, The Hartford Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $131.15.

The Hartford Insurance Group Trading Down 2.0%

NYSE:HIG opened at $124.04 on Thursday. 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 capitalization of $35.24 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71. The Hartford Insurance Group, Inc. has a one year low of $98.16 and a one year high of $132.09. The business has a fifty day moving average price of $125.91 and a 200-day moving average price of $118.13.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the prior year, the business posted $2.34 EPS. The Hartford Insurance Group's revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be paid a $0.52 dividend. 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 1.68%. The Hartford Insurance Group's payout ratio is presently 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.

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