DekaBank Deutsche Girozentrale grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 4.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,380 shares of the insurance provider's stock after buying an additional 5,645 shares during the period. DekaBank Deutsche Girozentrale owned 0.05% of The Hartford Insurance Group worth $17,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $416,340,000. GAMMA Investing LLC lifted its holdings in shares of The Hartford Insurance Group by 14,049.5% in the 1st quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock valued at $1,761,930,000 after purchasing an additional 1,413,945 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of The Hartford Insurance Group by 48.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock valued at $247,761,000 after purchasing an additional 735,170 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of The Hartford Insurance Group by 17.2% in the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after purchasing an additional 519,717 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $46,271,000. 93.42% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
HIG has been the subject of several analyst reports. Raymond James Financial upped their price objective on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Wells Fargo & Company upped their price objective on The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday. Jefferies Financial Group reduced their price objective on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, Barclays dropped 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 report on Monday. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $133.67.
Check Out Our Latest Report on The Hartford Insurance Group
The Hartford Insurance Group Stock Performance
NYSE HIG traded down $1.15 on Friday, hitting $120.80. 1,124,566 shares of the company's stock were exchanged, compared to its average volume of 1,592,594. The firm has a market cap of $34.32 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.18 and a beta of 0.69. 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 firm's 50-day moving average price is $126.93 and its two-hundred day moving average price is $119.14. The Hartford Insurance Group, Inc. has a fifty-two week low of $101.02 and a fifty-two week high of $132.09.
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, topping analysts' consensus estimates of $2.15 by $0.05. The business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.34 EPS. On average, 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 company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.
Insider Buying and Selling at The Hartford Insurance Group
In related news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
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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