Kingsview Wealth Management LLC Has $6.68 Million Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Kingsview Wealth Management LLC boosted its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 72.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,987 shares of the insurance provider's stock after buying an additional 22,606 shares during the quarter. Kingsview Wealth Management LLC's holdings in The Hartford Insurance Group were worth $6,680,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in The Hartford Insurance Group by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock worth $792,796,000 after acquiring an additional 81,495 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of The Hartford Insurance Group by 6.5% in the 4th 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 acquiring an additional 234,320 shares during the period. Norges Bank acquired a new position in The Hartford Insurance Group in the 4th quarter valued at $416,340,000. Northern Trust Corp increased its stake in The Hartford Insurance Group by 17.2% in the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after buying an additional 519,717 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in The Hartford Insurance Group by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider's stock valued at $434,181,000 after buying an additional 60,116 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. UBS Group boosted their target price on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods cut 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 research note on Wednesday, April 9th. Wells Fargo & Company boosted their target price on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Piper Sandler increased their price objective on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, The Hartford Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $133.67.

The Hartford Insurance Group Stock Performance

Shares of HIG traded up $0.51 during trading hours on Friday, reaching $122.84. 1,608,532 shares of the company's stock traded hands, compared to its average volume of 1,601,762. The firm has a market capitalization of $34.90 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.28 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 Hartford Insurance Group, Inc. has a twelve month low of $101.02 and a twelve month high of $132.09. The business's fifty day simple moving average is $126.28 and its two-hundred day simple moving average is $119.61.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The Hartford Insurance Group's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.34 earnings per share. 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 was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.69%. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insiders Place Their Bets

In related news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group 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 transaction, the senior vice president owned 622 shares of the company's stock, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

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.