Brookwood Investment Group LLC acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,217 shares of the insurance provider's stock, valued at approximately $1,017,000.
Other hedge funds have also added to or reduced their stakes in the company. Lifeworks Advisors LLC increased its holdings in shares of The Hartford Insurance Group by 8.0% in the first quarter. Lifeworks Advisors LLC now owns 3,143 shares of the insurance provider's stock worth $389,000 after buying an additional 233 shares during the period. AE Wealth Management LLC lifted its position in The Hartford Insurance Group by 19.7% in the first quarter. AE Wealth Management LLC now owns 2,403 shares of the insurance provider's stock valued at $297,000 after purchasing an additional 396 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of The Hartford Insurance Group by 16.9% during the first quarter. Wedbush Securities Inc. now owns 9,039 shares of the insurance provider's stock valued at $1,118,000 after purchasing an additional 1,307 shares during the period. Milestone Asset Management Group LLC purchased a new position in shares of The Hartford Insurance Group in the first quarter worth $390,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in The Hartford Insurance Group by 93.1% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,614 shares of the insurance provider's stock valued at $695,000 after buying an additional 2,707 shares during the last quarter. 93.42% of the stock is owned by institutional investors.
Insider Activity
In other news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president owned 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company's stock.
The Hartford Insurance Group Stock Down 0.5%
HIG traded down $0.60 on Thursday, hitting $122.64. The company had a trading volume of 313,638 shares, compared to its average volume of 1,661,979. 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 Hartford Insurance Group, Inc. has a 52-week low of $102.16 and a 52-week high of $132.09. The stock has a fifty day simple moving average of $125.98 and a 200-day simple moving average of $119.88. The firm has a market capitalization of $34.84 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.29 and a beta of 0.69.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.
The Hartford Insurance Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.70%. The Hartford Insurance Group's payout ratio is 20.74%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. UBS Group increased their price target on shares of 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. Piper Sandler raised their target price on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Barclays cut their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Wall Street Zen raised The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, Raymond James Financial raised their target price on The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.67.
Read Our Latest Report on The Hartford Insurance Group
About The Hartford Insurance Group
(
Free Report)
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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Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report).
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