Bridgewater Advisors Inc. Makes New Investment in The Hartford Insurance Group, Inc. (NYSE:HIG)

Bridgewater Advisors Inc. bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,550 shares of the insurance provider's stock, valued at approximately $434,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Wayfinding Financial LLC increased 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of The Hartford Insurance Group by 1.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after acquiring an additional 95 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of The Hartford Insurance Group by 0.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock valued at $1,453,000 after acquiring an additional 105 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of The Hartford Insurance Group by 1.9% during the first quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock valued at $713,000 after acquiring an additional 105 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of The Hartford Insurance Group by 3.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock valued at $438,000 after acquiring an additional 117 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Up 0.4%

Shares of HIG traded up $0.51 during trading hours on Friday, reaching $122.84. 1,608,532 shares of the stock traded hands, compared to its average volume of 1,678,435. 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 stock has a fifty day simple moving average of $126.37 and a 200 day simple moving average of $119.51. The Hartford Insurance Group, Inc. has a 52 week low of $101.02 and a 52 week high of $132.09. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.26 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same period last year, the firm earned $2.34 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.69%. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the transaction, the senior vice president owned 622 shares of the company's stock, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HIG. Keefe, Bruyette & Woods decreased their price objective on 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. Jefferies Financial Group decreased their price objective on 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. Raymond James Financial boosted their price objective on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Piper Sandler boosted their price objective on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Finally, Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.