Milestone Asset Management Group LLC Takes Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Milestone Asset Management Group LLC acquired a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,151 shares of the insurance provider's stock, valued at approximately $390,000.

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

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG traded up $1.06 during midday trading on Tuesday, hitting $122.43. The stock had a trading volume of 385,265 shares, compared to its average volume of 1,594,297. 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 Hartford Insurance Group, Inc. has a fifty-two week low of $101.12 and a fifty-two week high of $132.09. The company's 50-day moving average price is $126.28 and its 200-day moving average price is $119.75. The company has a market capitalization of $34.78 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.52 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.70%. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Analyst Ratings Changes

A number of analysts recently commented on HIG shares. UBS Group raised their price target on The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Barclays lowered their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Raymond James Financial boosted their target price on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, Piper Sandler increased their price target on 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. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price of $133.67.

Insider Activity

In other news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction on Monday, April 28th. The shares were 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 directly owned 622 shares of the company's stock, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

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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