The Hartford Insurance Group, Inc. (NYSE:HIG) Stock Holdings Boosted by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 31.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,600,215 shares of the insurance provider's stock after purchasing an additional 387,141 shares during the quarter. The Hartford Insurance Group makes up approximately 1.1% of AustralianSuper Pty Ltd's portfolio, making the stock its 19th biggest holding. AustralianSuper Pty Ltd owned 0.56% of The Hartford Insurance Group worth $197,995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Park Square Financial Group LLC grew its position in shares of The Hartford Insurance Group by 146.2% during the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Spurstone Advisory Services LLC bought a new position in shares of The Hartford Insurance Group during the fourth quarter valued at about $33,000. Center for Financial Planning Inc. bought a new position in shares of The Hartford Insurance Group during the first quarter valued at about $33,000. Itau Unibanco Holding S.A. bought a new position in The Hartford Insurance Group in the fourth quarter worth about $35,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of The Hartford Insurance Group during the first quarter valued at approximately $37,000. Institutional investors own 93.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Jefferies Financial Group reduced their price target on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a report on Friday, April 11th. 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 report on Wednesday, April 9th. Finally, UBS Group upped their target price on The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Six research 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 company has a consensus rating of "Moderate Buy" and an average target price of $133.67.

The Hartford Insurance Group Trading Up 0.4%

HIG stock traded up $0.51 during trading on Friday, reaching $122.84. 1,608,532 shares of the stock were exchanged, compared to its average volume of 1,600,943. The business has a 50 day moving average price of $126.28 and a 200-day moving average price of $119.68. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. The Hartford Insurance Group, Inc. has a 1 year low of $101.12 and a 1 year high of $132.09. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.28 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 EPS. On average, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.

Insiders Place Their Bets

In other news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group 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 completion of the sale, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company's stock.

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.