Moody Aldrich Partners LLC lessened its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 27.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,465 shares of the insurance provider's stock after selling 5,029 shares during the period. Moody Aldrich Partners LLC's holdings in The Hartford Insurance Group were worth $1,666,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its position in shares of The Hartford Insurance Group by 1.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock worth $690,000 after acquiring an additional 95 shares during the last quarter. Smithfield Trust Co boosted its holdings in The Hartford Insurance Group by 26.7% in the fourth quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock valued at $51,000 after acquiring an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in The Hartford Insurance Group by 0.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock worth $1,453,000 after purchasing an additional 105 shares during the period. International Assets Investment Management LLC increased its position in The Hartford Insurance Group by 1.9% in the first quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock worth $713,000 after purchasing an additional 105 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in The Hartford Insurance Group by 3.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock worth $438,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.
The Hartford Insurance Group Price Performance
Shares of HIG stock opened at $124.71 on Friday. 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 12-month low of $98.16 and a 12-month high of $132.09. The firm has a fifty day moving average of $126.78 and a 200-day moving average of $118.64. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. On average, equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.
The Hartford Insurance Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were paid a dividend of $0.52 per share. 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 1.67%. The Hartford Insurance Group's payout ratio is 20.74%.
Insider Buying and Selling
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 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 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 filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company's stock.
Wall Street Analyst Weigh In
HIG has been the topic of several recent research reports. Wells Fargo & Company reduced their target price 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. UBS Group increased their price objective on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. Jefferies Financial Group reduced their price objective on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $132.58.
Check Out Our Latest Report on HIG
About The Hartford Insurance Group
(
Free Report)
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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