Cloud Capital Management LLC Invests $287,000 in The Hartford Insurance Group, Inc. (NYSE:HIG)

Cloud Capital Management LLC acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,314 shares of the insurance provider's stock, valued at approximately $287,000.

Other institutional investors have also recently made changes to their positions in the company. Spurstone Advisory Services LLC purchased a new position in The Hartford Insurance Group in the fourth quarter worth about $33,000. Center for Financial Planning Inc. purchased a new position in The Hartford Insurance Group in the first quarter worth about $33,000. Itau Unibanco Holding S.A. purchased a new position in The Hartford Insurance Group in the fourth quarter worth about $35,000. Flagship Wealth Advisors LLC purchased a new position in The Hartford Insurance Group in the fourth quarter worth about $36,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in The Hartford Insurance Group in the first quarter worth about $37,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

HIG has been the subject of several recent research reports. Piper Sandler lifted their price target on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company dropped their target price on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group boosted their target price on The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods dropped their target price on 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. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Insider Buying and Selling

In related news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the transaction, the senior vice president owned 622 shares of the company's stock, 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 at the SEC website. 1.50% of the stock is owned by company insiders.

The Hartford Insurance Group Trading Up 1.5%

Shares of NYSE HIG traded up $1.81 during trading hours on Friday, reaching $124.71. The stock had a trading volume of 937,213 shares, compared to its average volume of 1,591,692. 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 firm has a market cap of $35.43 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.21 and a beta of 0.69. The business's fifty day moving average price is $126.90 and its two-hundred day moving average price is $118.83. The Hartford Insurance Group, Inc. has a 52-week low of $99.11 and a 52-week high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The Hartford Insurance Group's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 earnings per share. 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 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 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.

The Hartford Insurance Group Company 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.