Fuller & Thaler Asset Management Inc. Purchases 4,043 Shares of The Hartford Insurance Group, Inc. $HIG

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in The Hartford Insurance Group by 20.2%, acquiring a total of 24,014 shares worth approximately $2.97 million.
• Several institutional investors have also modified their holdings, with Park Square Financial Group boosting its stake by 146.2% in the first quarter.
• The Hartford recently reported $3.41 EPS for the quarter, exceeding analysts' expectations of $2.83, while their revenue was $6.99 billion, slightly below the consensus estimate of $7.02 billion.

Fuller & Thaler Asset Management Inc. raised its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,014 shares of the insurance provider's stock after purchasing an additional 4,043 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in The Hartford Insurance Group were worth $2,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC increased its stake in The Hartford Insurance Group by 146.2% in the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in The Hartford Insurance Group in the first quarter valued at $33,000. Meeder Asset Management Inc. increased its stake in The Hartford Insurance Group by 123.8% in the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 161 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in The Hartford Insurance Group in the fourth quarter valued at $33,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in The Hartford Insurance Group in the first quarter valued at $37,000. 93.42% of the stock is owned by institutional investors.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares of the company's stock, valued at approximately $9,580,389. This represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

The Hartford Insurance Group Stock Up 0.6%

HIG stock traded up $0.7780 during trading on Friday, reaching $133.9780. The stock had a trading volume of 1,459,319 shares, compared to its average volume of 1,481,287. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $134.94. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The company's 50 day moving average is $125.64 and its two-hundred day moving average is $122.50. The company has a market capitalization of $37.67 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.30 and a beta of 0.67.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the prior year, the firm posted $2.50 EPS. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio is presently 18.86%.

Analysts Set New Price Targets

HIG has been the subject of several research analyst reports. Barclays decreased their price target on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Wells Fargo & Company lifted their price target on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup began coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $138.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $137.64.

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.