The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Sold by Equity Investment Corp

Equity Investment Corp reduced its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580,834 shares of the insurance provider's stock after selling 4,510 shares during the quarter. Equity Investment Corp owned approximately 0.20% of The Hartford Insurance Group worth $71,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of HIG. Wayfinding Financial LLC grew its holdings in The Hartford Insurance Group by 3.0% during the 1st quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock worth $355,000 after acquiring an additional 84 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of The Hartford Insurance Group by 1.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 95 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of The Hartford Insurance Group by 0.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock valued at $1,453,000 after buying an additional 105 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of The Hartford Insurance Group by 1.9% during the first quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock valued at $713,000 after buying an additional 105 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of The Hartford Insurance Group by 3.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock valued at $438,000 after buying an additional 117 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HIG. Piper Sandler increased their price target on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company increased their price objective on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. UBS Group increased their price objective on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial increased 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. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, The Hartford Insurance Group has an average rating of "Moderate Buy" and a consensus target price of $133.67.

Insider Activity at The Hartford Insurance Group

In other news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president owned 622 shares of the company's stock, 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 this link. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG traded up $0.70 during midday trading on Friday, reaching $123.03. 561,476 shares of the stock were exchanged, compared to its average volume of 1,596,175. The firm has a market cap of $34.95 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.26 and a beta of 0.69. The Hartford Insurance Group, Inc. has a twelve month low of $101.02 and a twelve month high of $132.09. The firm has a 50-day simple moving average of $126.37 and a two-hundred day simple moving average of $119.51. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26.

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 business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. As a group, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were paid a dividend of $0.52 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.69%. The Hartford Insurance Group's payout ratio is 20.74%.

The Hartford Insurance Group Company 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.