Envestnet Portfolio Solutions Inc. Has $4.89 Million Stock Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Envestnet Portfolio Solutions Inc. lessened its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 18.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,509 shares of the insurance provider's stock after selling 9,012 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in The Hartford Insurance Group were worth $4,889,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Horizon Advisory Services Inc. bought a new stake in The Hartford Insurance Group during the fourth quarter worth about $277,000. Victory Capital Management Inc. grew its position in The Hartford Insurance Group by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after acquiring an additional 202,487 shares during the last quarter. M&T Bank Corp increased its holdings in 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 raised its position in 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 last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in The Hartford Insurance Group in the fourth quarter worth $761,000. Institutional investors own 93.42% of the company's stock.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CEO Christopher Swift sold 1,144 shares of The Hartford Insurance Group stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the sale, the chief executive officer now owns 211,082 shares of the company's stock, valued at $26,385,250. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Allison G. Niderno sold 1,086 shares of the business'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 completion of the sale, the senior vice president now owns 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HIG shares. Keefe, Bruyette & Woods reduced their price target on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Raymond James Financial raised their price target 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. Piper Sandler upped their price objective on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Wells Fargo & Company decreased 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. Finally, UBS Group raised their price target on The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.15.

The Hartford Insurance Group Trading Down 1.8%

Shares of NYSE:HIG traded down $2.27 during mid-day trading on Wednesday, reaching $124.31. The stock had a trading volume of 204,746 shares, compared to its average volume of 1,576,819. The firm has a 50 day simple moving average of $125.77 and a two-hundred day simple moving average of $118.09. The Hartford Insurance Group, Inc. has a twelve month low of $98.16 and a twelve month high of $132.09. The firm has a market cap of $35.32 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71. 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 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 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 for the quarter, compared to analysts' expectations of $6.97 billion. During the same period last year, the firm posted $2.34 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.67%. The Hartford Insurance Group's payout ratio is 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.