Manning & Napier Advisors LLC Has $11.30 Million Stake in The Hartford Insurance Group, Inc. (NYSE:HIG)

Manning & Napier Advisors LLC decreased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,348 shares of the insurance provider's stock after selling 7,814 shares during the period. Manning & Napier Advisors LLC's holdings in The Hartford Insurance Group were worth $11,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the fourth quarter worth approximately $33,000. Center for Financial Planning Inc. acquired a new stake in shares of The Hartford Insurance Group during the first quarter worth approximately $33,000. Itau Unibanco Holding S.A. bought a new stake in shares of The Hartford Insurance Group during the fourth quarter valued at approximately $35,000. Flagship Wealth Advisors LLC bought a new stake in shares of The Hartford Insurance Group during the fourth quarter valued at approximately $36,000. Finally, Curat Global LLC bought a new stake in shares of The Hartford Insurance Group during the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.42% of the company's stock.

Insider Transactions at The Hartford Insurance Group

In other news, CEO Christopher Swift sold 1,144 shares of The Hartford Insurance Group stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group 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 transaction, the senior vice president now directly owns 622 shares in the company, valued at approximately $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

The Hartford Insurance Group Trading Up 1.1%

HIG stock traded up $1.37 during midday trading on Monday, reaching $127.49. The company's stock had a trading volume of 1,042,356 shares, compared to its average volume of 1,580,724. The Hartford Insurance Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09. The stock has a market cap of $36.22 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The business's 50-day simple moving average is $125.38 and its 200-day simple moving average is $117.97.

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

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be given 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 dividend yield of 1.63%. The Hartford Insurance Group's dividend payout ratio is 20.74%.

Wall Street Analysts Forecast Growth

HIG has been the topic of several research analyst reports. Raymond James Financial increased their price target on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Barclays increased their price target on shares of 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. Keefe, Bruyette & Woods decreased their price target on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their price target on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Piper Sandler increased their price target on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Seven investment 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.15.

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.