Dimensional Fund Advisors LP Has $640.75 Million Stake in The Hartford Insurance Group, Inc. $HIG

Key Points

• Dimensional Fund Advisors LP has reduced its stake in The Hartford Insurance Group by 2.1%, now owning approximately 5.18 million shares valued at around $640 million.
• The Hartford Insurance Group's recent earnings report revealed an EPS of $3.41, exceeding analyst expectations of $2.83, along with a revenue of $7 billion.
• The company also declared a quarterly dividend of $0.52 per share, scheduled for payment on October 2nd, resulting in an annualized yield of 1.6%.

Dimensional Fund Advisors LP reduced its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,179,191 shares of the insurance provider's stock after selling 108,441 shares during the quarter. Dimensional Fund Advisors LP owned 1.82% of The Hartford Insurance Group worth $640,747,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HIG. Park Square Financial Group LLC boosted its position in shares of 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 worth $32,000 after buying an additional 155 shares during the period. Center for Financial Planning Inc. bought a new stake in The Hartford Insurance Group in the 1st quarter valued at approximately $33,000. Meeder Asset Management Inc. boosted its position in The Hartford Insurance Group by 123.8% during the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock worth $36,000 after acquiring an additional 161 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in shares of The Hartford Insurance Group during the 4th quarter worth approximately $33,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of The Hartford Insurance Group during the 1st quarter worth approximately $37,000. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG traded up $1.8370 during mid-day trading on Wednesday, reaching $133.6470. 1,653,240 shares of the company were exchanged, compared to its average volume of 1,502,310. The stock has a market capitalization of $37.58 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.28 and a beta of 0.67. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The company's 50-day simple moving average is $125.32 and its 200-day simple moving average is $122.15. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $134.12.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $7.02 billion. During the same period in the prior year, the firm earned $2.50 EPS. The business's revenue was up 7.7% on a year-over-year basis. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 annualized dividend and a yield of 1.6%. The Hartford Insurance Group's payout ratio is 18.86%.

Insider Buying and Selling

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the transaction, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on HIG shares. Cantor Fitzgerald started coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $152.00 price objective on the stock. UBS Group raised their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. upped their target price on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Wall Street Zen raised The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Citigroup initiated coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $138.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $137.64.

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.