Inceptionr LLC Has $731,000 Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Key Points

• Inceptionr LLC reduced its stake in The Hartford by 59% in Q3, leaving it with 5,483 shares valued at about $731,000.
• Company insiders have been heavy sellers: CEO Christopher Swift sold 201,938 shares (~$27.5M) and insiders disposed of 343,928 shares totaling roughly $47.4M over the past three months, leaving insiders with 1.60% ownership.
• Analysts are broadly positive—MarketBeat shows an average rating of Moderate Buy with a $148.13 target—and the firm declared a quarterly dividend of $0.60 per share (annualized $2.40, ~1.7% yield).

Inceptionr LLC decreased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 59.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,483 shares of the insurance provider's stock after selling 7,901 shares during the period. Inceptionr LLC's holdings in The Hartford Insurance Group were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HIG. Vanguard Group Inc. lifted its position in shares of The Hartford Insurance Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,160,644 shares of the insurance provider's stock worth $4,714,571,000 after buying an additional 156,807 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of The Hartford Insurance Group by 0.8% in the second quarter. Geode Capital Management LLC now owns 7,467,018 shares of the insurance provider's stock worth $943,448,000 after acquiring an additional 57,539 shares during the last quarter. Invesco Ltd. boosted its stake in shares of The Hartford Insurance Group by 2.9% in the 2nd quarter. Invesco Ltd. now owns 4,834,472 shares of the insurance provider's stock valued at $613,349,000 after purchasing an additional 136,483 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of The Hartford Insurance Group by 5.3% in the 3rd quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider's stock valued at $570,328,000 after purchasing an additional 215,941 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at approximately $506,329,000. Institutional investors and hedge funds own 93.42% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HIG. Argus upped their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, November 25th. UBS Group boosted their target price on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 8th. Morgan Stanley increased their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 3rd. Roth Mkm raised their price objective on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Finally, Wells Fargo & Company boosted their price objective on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $148.13.

The Hartford Insurance Group Trading Down 1.0%

HIG opened at $137.91 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $144.50. The company's 50 day moving average price is $137.24 and its two-hundred day moving average price is $133.83. The firm has a market capitalization of $38.04 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.35 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.84. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 earnings per share. As a group, research 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 announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is currently 17.99%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the transaction, the chief executive officer directly owned 194,817 shares of the company's stock, valued at approximately $26,574,986.97. The trade was a 50.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lori A. Rodden sold 5,681 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total value of $805,736.23. Following the completion of the sale, the executive vice president owned 18,400 shares in the company, valued at $2,609,672. This trade represents a 23.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 343,928 shares of company stock valued at $47,393,256. 1.60% of the stock is currently owned by company insiders.

The Hartford Insurance Group Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

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