Flossbach Von Storch SE Acquires New Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Flossbach Von Storch SE bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,250 shares of the insurance provider's stock, valued at approximately $526,000.

Several other large investors also recently made changes to their positions in HIG. Wayfinding Financial LLC grew its stake in shares of The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock worth $355,000 after acquiring an additional 84 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in The Hartford Insurance Group by 1.7% in 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 in the last quarter. NorthCrest Asset Manangement LLC lifted its position in The Hartford Insurance Group by 0.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock worth $1,453,000 after buying an additional 105 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of The Hartford Insurance Group by 1.9% in the 1st quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock valued at $713,000 after purchasing an additional 105 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in The Hartford Insurance Group by 3.0% in the 4th 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. Institutional investors own 93.42% of the company's stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction dated Monday, April 28th. The stock was 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 owned 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Piper Sandler raised 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 note on Tuesday, April 1st. Keefe, Bruyette & Woods decreased their price target on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley increased their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. UBS Group raised their price objective on The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Barclays decreased their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.67.

The Hartford Insurance Group Stock Down 0.6%

Shares of HIG stock traded down $0.68 on Thursday, hitting $121.19. The stock had a trading volume of 445,511 shares, compared to its average volume of 1,669,960. The stock has a market cap of $34.43 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.18 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day moving average of $126.94 and a 200 day moving average of $119.05. The Hartford Insurance Group, Inc. has a 12-month low of $99.65 and a 12-month high of $132.09.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The company had revenue of $6.81 billion during 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 firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. As a group, analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, June 2nd. 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.