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

Cloud Capital Management LLC acquired a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,314 shares of the insurance provider's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC increased its stake in The Hartford Insurance Group by 167.8% in the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after buying an additional 198 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in The Hartford Insurance Group by 86.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider's stock worth $533,000 after buying an additional 2,000 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in The Hartford Insurance Group in the 1st quarter worth $586,000. M&T Bank Corp increased its stake in The Hartford Insurance Group by 13.9% in the 4th quarter. M&T Bank Corp now owns 46,868 shares of the insurance provider's stock worth $5,127,000 after buying an additional 5,702 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in The Hartford Insurance Group in the 4th quarter worth $761,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HIG shares. Barclays cut their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research note on Monday. Jefferies Financial Group dropped their price objective 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. Wells Fargo & Company dropped their price objective on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group increased their price objective on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Raymond James Financial increased their price objective on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.33.

Insider Buying and Selling

In related news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction dated Monday, April 28th. The stock was 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 in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company's stock.

The Hartford Insurance Group Trading Down 1.3%

HIG traded down $1.63 on Monday, hitting $123.36. The company had a trading volume of 1,396,730 shares, compared to its average volume of 1,591,011. The company has a market cap of $35.05 billion, a PE ratio of 12.30, a PEG ratio of 1.21 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 12-month low of $99.11 and a 12-month high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The business's fifty day simple moving average is $126.90 and its 200 day simple moving average is $118.91.

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 EPS for the quarter, topping the consensus estimate of $2.15 by $0.05. The company 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 firm's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. Equities research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were given a $0.52 dividend. The ex-dividend date 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%.

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.