The Hartford Insurance Group, Inc. (NYSE:HIG) Stake Raised by Ballentine Partners LLC

Ballentine Partners LLC lifted its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 12.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,906 shares of the insurance provider's stock after buying an additional 3,134 shares during the quarter. Ballentine Partners LLC's holdings in The Hartford Insurance Group were worth $3,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in HIG. Wayfinding Financial LLC boosted its holdings in The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock worth $355,000 after purchasing an additional 84 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in The Hartford Insurance Group by 1.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock worth $690,000 after purchasing an additional 95 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in The Hartford Insurance Group by 0.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock worth $1,453,000 after purchasing an additional 105 shares during the period. International Assets Investment Management LLC boosted its holdings in The Hartford Insurance Group by 1.9% in the first quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock worth $713,000 after purchasing an additional 105 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in The Hartford Insurance Group by 3.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock worth $438,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG traded down $1.15 during midday trading on Friday, reaching $120.80. 1,124,566 shares of the company traded hands, compared to its average volume of 1,594,671. The Hartford Insurance Group, Inc. has a 52 week low of $101.02 and a 52 week high of $132.09. The stock has a 50-day moving average price of $126.84 and a 200 day moving average price of $119.27. 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 company has a market cap of $34.32 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.17 and a beta of 0.69.

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 for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.97 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal 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 dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the sale, the senior vice president directly owned 622 shares in the company, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of research reports. Barclays decreased their price objective on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Keefe, Bruyette & Woods decreased their price objective on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their target price on The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Wells Fargo & Company raised their target price on The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on 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. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, The Hartford Insurance Group has a consensus rating of "Moderate Buy" and an average target price of $133.67.

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.