The Hartford Insurance Group, Inc. $HIG Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,679 shares of the insurance provider's stock after selling 11,201 shares during the quarter. HighTower Advisors LLC's holdings in The Hartford Insurance Group were worth $11,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in The Hartford Insurance Group by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,830,462 shares of the insurance provider's stock valued at $419,053,000 after purchasing an additional 234,320 shares in the last quarter. Northern Trust Corp boosted its holdings in The Hartford Insurance Group by 17.2% in the fourth quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock worth $387,021,000 after acquiring an additional 519,717 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of The Hartford Insurance Group by 1.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider's stock worth $434,181,000 after acquiring an additional 60,116 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of The Hartford Insurance Group by 48.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after acquiring an additional 735,170 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of The Hartford Insurance Group by 7.5% during the fourth quarter. AQR Capital Management LLC now owns 1,843,118 shares of the insurance provider's stock worth $201,637,000 after acquiring an additional 128,258 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, CFO Beth Ann Costello sold 35,340 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares of the company's stock, valued at approximately $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HIG. Morgan Stanley boosted their price target on The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their price target on The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. UBS Group boosted their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Raymond James Financial restated an "outperform" rating and set a $140.00 price target (up previously from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Finally, Cantor Fitzgerald began coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They set an "overweight" rating and a $152.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.64.

The Hartford Insurance Group Stock Performance

NYSE HIG traded up $1.4550 during trading hours on Friday, reaching $134.6550. The stock had a trading volume of 231,521 shares, compared to its average volume of 1,637,823. The stock has a fifty day moving average of $125.46 and a 200 day moving average of $122.29. The stock has a market cap of $37.86 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.30 and a beta of 0.67. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $134.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The Hartford Insurance Group's revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.5%. The Hartford Insurance Group's payout ratio is presently 18.86%.

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.