Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,737 shares of the insurance provider's stock after selling 6,822 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in The Hartford Insurance Group were worth $7,790,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. grew its stake in The Hartford Insurance Group by 4.9% during the first quarter. Achmea Investment Management B.V. now owns 244,894 shares of the insurance provider's stock valued at $30,301,000 after acquiring an additional 11,373 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in The Hartford Insurance Group in the 1st quarter valued at $213,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in The Hartford Insurance Group by 35.6% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,220 shares of the insurance provider's stock valued at $145,000 after purchasing an additional 320 shares during the period. PDS Planning Inc grew its position in shares of The Hartford Insurance Group by 18.3% during the 1st quarter. PDS Planning Inc now owns 3,323 shares of the insurance provider's stock valued at $411,000 after purchasing an additional 514 shares in the last quarter. Finally, Wealth Effects LLC bought a new position in shares of The Hartford Insurance Group in the first quarter worth $204,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Trading Up 1.5%

Shares of HIG traded up $1.81 during mid-day trading on Friday, reaching $124.71. The company's stock had a trading volume of 937,213 shares, compared to its average volume of 1,589,296. 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 $35.43 billion, a PE ratio of 12.43, a P/E/G ratio of 1.21 and a beta of 0.69. The company's fifty day moving average price is $126.78 and its two-hundred day moving average price is $118.64. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the previous year, the firm posted $2.34 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

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

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction that occurred on 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 directly owned 622 shares of the company's stock, valued at $74,279.24. The trade was a 63.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HIG has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Piper Sandler raised their price target on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group cut their price objective on 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. Keefe, Bruyette & Woods decreased their price objective on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their target price on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

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.