Hunter Perkins Capital Management LLC Sells 35,660 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Hunter Perkins Capital Management LLC decreased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 39.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,506 shares of the insurance provider's stock after selling 35,660 shares during the period. The Hartford Insurance Group makes up approximately 1.6% of Hunter Perkins Capital Management LLC's holdings, making the stock its 21st largest holding. Hunter Perkins Capital Management LLC's holdings in The Hartford Insurance Group were worth $6,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HIG. Transcend Capital Advisors LLC bought a new stake in The Hartford Insurance Group in the 1st quarter worth approximately $213,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of The Hartford Insurance Group by 35.6% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,220 shares of the insurance provider's stock worth $145,000 after acquiring an additional 320 shares during the last quarter. PDS Planning Inc boosted its stake in shares of The Hartford Insurance Group by 18.3% in the 1st quarter. PDS Planning Inc now owns 3,323 shares of the insurance provider's stock valued at $411,000 after purchasing an additional 514 shares in the last quarter. Wealth Effects LLC purchased a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at $204,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of The Hartford Insurance Group by 167.8% during the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 198 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Trading Up 0.7%

HIG opened at $124.92 on Friday. The firm has a market cap of $35.49 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.20 and a beta of 0.71. The Hartford Insurance Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09. The stock has a 50-day moving average of $126.05 and a 200 day moving average of $118.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same period in the prior year, the company posted $2.34 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.67%. The Hartford Insurance Group's payout ratio is 20.74%.

Insider Buying and Selling 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 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 sale, the senior vice president now owns 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Swift sold 1,144 shares of The Hartford Insurance Group stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total value of $143,000.00. Following the completion of the transaction, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HIG. Piper Sandler boosted their price target on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Raymond James Financial lifted their target price on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, March 31st. Keefe, Bruyette & Woods dropped 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. Morgan Stanley boosted their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group reduced their price objective on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Seven 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.15.

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.

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