The Hartford Insurance Group, Inc. (NYSE:HIG) Holdings Reduced by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 24.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,164,430 shares of the insurance provider's stock after selling 706,216 shares during the period. Diamond Hill Capital Management Inc. owned 0.76% of The Hartford Insurance Group worth $267,805,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HIG. Norges Bank purchased a new stake in shares of The Hartford Insurance Group during the 4th quarter valued at $416,340,000. GAMMA Investing LLC grew its stake in shares of The Hartford Insurance Group by 14,049.5% during 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 buying an additional 1,413,945 shares during the period. Ameriprise Financial Inc. grew its stake in shares of The Hartford Insurance Group by 48.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock valued at $247,761,000 after buying an additional 735,170 shares during the period. Northern Trust Corp grew its stake in shares of The Hartford Insurance Group by 17.2% during the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after buying an additional 519,717 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in shares of The Hartford Insurance Group during the 4th quarter valued at $46,271,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HIG has been the topic of several recent research reports. Barclays reduced their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. UBS Group lifted their target price on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley lifted their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Raymond James Financial lifted their target price 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, The Hartford Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $133.67.

The Hartford Insurance Group Stock Up 0.2%

HIG stock traded up $0.30 during trading on Friday, reaching $123.34. The stock had a trading volume of 1,415,434 shares, compared to its average volume of 1,582,144. The Hartford Insurance Group, Inc. has a 1-year low of $103.96 and a 1-year high of $132.09. 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 company has a market capitalization of $35.04 billion, a P/E ratio of 12.30, a PEG ratio of 1.29 and a beta of 0.69. The firm has a fifty day moving average price of $125.71 and a 200 day moving average price of $120.16.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 EPS. On average, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be paid a $0.52 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.69%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.

Insider Activity

In other news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction dated Monday, April 28th. The shares were 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 approximately $74,279.24. This represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company's stock.

About The Hartford Insurance Group

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.