The Hartford Insurance Group, Inc. (NYSE:HIG) Stock Position Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,509 shares of the insurance provider's stock after selling 9,012 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in The Hartford Insurance Group were worth $4,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HIG. Horizon Advisory Services Inc. purchased a new position in The Hartford Insurance Group in the 4th quarter worth approximately $277,000. Victory Capital Management Inc. grew its stake in shares of The Hartford Insurance Group by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after purchasing an additional 202,487 shares during the last quarter. M&T Bank Corp boosted its stake in shares of The Hartford Insurance Group by 13.9% during the 4th quarter. M&T Bank Corp now owns 46,868 shares of the insurance provider's stock valued at $5,127,000 after purchasing an additional 5,702 shares in the last quarter. Equity Investment Corp lifted its stake in shares of The Hartford Insurance Group by 1.0% in the 4th quarter. Equity Investment Corp now owns 585,344 shares of the insurance provider's stock valued at $64,037,000 after purchasing an additional 5,962 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter worth about $761,000. 93.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on HIG. Wells Fargo & Company dropped their price objective on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Raymond James Financial raised 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 research report on Monday, March 31st. Morgan Stanley boosted their price target on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods dropped their price target on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group dropped their price target on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Seven investment 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 company's stock. According to MarketBeat, The Hartford Insurance Group has an average rating of "Moderate Buy" and a consensus target price of $131.15.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the firm'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 transaction of $129,690.12. Following the completion of the sale, the senior vice president now owns 622 shares in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the sale, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. The trade was a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

The Hartford Insurance Group Stock Down 2.0%

HIG stock traded down $2.54 during midday trading on Wednesday, reaching $124.04. 1,279,917 shares of the company were exchanged, compared to its average volume of 1,583,017. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a 1-year low of $98.16 and a 1-year high of $132.09. The company has a market cap of $35.24 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71. The stock's 50-day simple moving average is $125.77 and its 200 day simple moving average is $118.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced 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 Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the firm earned $2.34 EPS. The Hartford Insurance Group's quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be given a dividend of $0.52 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.68%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.

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.