Flossbach Von Storch SE Purchases Shares of 4,250 The Hartford Insurance Group, Inc. (NYSE:HIG)

Flossbach Von Storch SE purchased a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,250 shares of the insurance provider's stock, valued at approximately $526,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Center for Financial Planning Inc. purchased a new stake in shares of The Hartford Insurance Group in the 1st quarter worth $33,000. Spurstone Advisory Services LLC purchased a new position in shares of The Hartford Insurance Group during the fourth quarter valued at $33,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of The Hartford Insurance Group in the first quarter valued at about $37,000. Golden State Wealth Management LLC lifted its stake in The Hartford Insurance Group by 167.8% in the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after acquiring an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new position in The Hartford Insurance Group during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Stock Performance

Shares of HIG traded down $0.70 during mid-day trading on Wednesday, reaching $121.76. The company had a trading volume of 1,964,460 shares, compared to its average volume of 1,593,468. The Hartford Insurance Group, Inc. has a 52-week low of $99.15 and a 52-week high of $132.09. 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 stock has a market capitalization of $34.59 billion, a P/E ratio of 12.14, a PEG ratio of 1.20 and a beta of 0.69. The stock has a 50 day moving average of $126.95 and a two-hundred day moving average of $119.03.

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

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is presently 20.74%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Barclays cut their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. upped their price objective on The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. UBS Group raised their price objective on The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Insider Buying and Selling at The Hartford Insurance Group

In other news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction 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 transaction, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.