Commerzbank Aktiengesellschaft FI Increases Stock Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Commerzbank Aktiengesellschaft FI boosted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 184.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,057 shares of the insurance provider's stock after purchasing an additional 11,060 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in The Hartford Insurance Group were worth $2,111,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC raised its position in The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 155 shares during the period. Spurstone Advisory Services LLC purchased a new stake in The Hartford Insurance Group during the 4th quarter valued at $33,000. Center for Financial Planning Inc. purchased a new stake in The Hartford Insurance Group during the 1st quarter valued at $33,000. Itau Unibanco Holding S.A. purchased a new stake in shares of The Hartford Insurance Group in the fourth quarter valued at $35,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of The Hartford Insurance Group in the first quarter valued at $37,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

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 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 of the company's stock, valued at approximately $74,279.24. The trade was a 63.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company's stock.

The Hartford Insurance Group Stock Up 0.4%

HIG stock traded up $0.51 during trading on Friday, hitting $122.84. 1,608,532 shares of the company's stock traded hands, compared to its average volume of 1,600,943. The firm has a market capitalization of $34.90 billion, a P/E ratio of 12.25, a PEG ratio of 1.28 and a beta of 0.69. The business has a fifty day simple moving average of $126.28 and a two-hundred day simple moving average of $119.68. 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 Hartford Insurance Group, Inc. has a 1 year low of $101.12 and a 1 year 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 Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period last year, the business posted $2.34 EPS. The business's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Analyst Ratings Changes

A number of research firms recently weighed in on HIG. Raymond James Financial increased their price objective on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Wells Fargo & Company increased their target price on The Hartford Insurance Group from $134.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods reduced their target price on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler raised their price target on shares of 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. Six investment 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $133.67.

The Hartford Insurance Group 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.