Kintegral Advisory LLC Reduces Stock Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Kintegral Advisory LLC reduced its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 32.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,886 shares of the insurance provider's stock after selling 13,185 shares during the quarter. Kintegral Advisory LLC's holdings in The Hartford Insurance Group were worth $3,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in The Hartford Insurance Group by 167.8% in the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after acquiring an additional 198 shares during the last quarter. M&T Bank Corp boosted its position in The Hartford Insurance Group by 13.9% during the fourth quarter. M&T Bank Corp now owns 46,868 shares of the insurance provider's stock worth $5,127,000 after purchasing an additional 5,702 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in shares of The Hartford Insurance Group in the fourth quarter worth about $761,000. Marshall Wace LLP purchased a new position in shares of The Hartford Insurance Group in the fourth quarter worth about $10,501,000. Finally, Stevens Capital Management LP raised its position in shares of The Hartford Insurance Group by 147.1% in the fourth quarter. Stevens Capital Management LP now owns 4,621 shares of the insurance provider's stock valued at $506,000 after purchasing an additional 2,751 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction on Monday, April 28th. The shares were 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 in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on HIG shares. Jefferies Financial Group cut their price objective on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a report on Friday, April 11th. Wells Fargo & Company cut their price target on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Barclays boosted their price objective on The Hartford Insurance Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. lifted their target price on The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $124.71 on Friday. The Hartford Insurance Group, Inc. has a one year low of $98.16 and a one year high of $132.09. 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 firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.19 and a beta of 0.69. The company's fifty day moving average price is $126.78 and its 200-day moving average price is $118.64.

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 for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The Hartford Insurance Group's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were paid a $0.52 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.67%. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.

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.

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.