MQS Management LLC Buys Shares of 2,079 The Hartford Insurance Group, Inc. (NYSE:HIG)

MQS Management LLC acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,079 shares of the insurance provider's stock, valued at approximately $257,000.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in The Hartford Insurance Group in the fourth quarter worth approximately $416,340,000. GAMMA Investing LLC grew its position in The Hartford Insurance Group by 14,049.5% in the first quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock worth $1,761,930,000 after buying an additional 1,413,945 shares during the last quarter. Ameriprise Financial Inc. grew its position in The Hartford Insurance Group by 48.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after buying an additional 735,170 shares during the last quarter. Northern Trust Corp grew its position in The Hartford Insurance Group by 17.2% in the fourth quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock worth $387,021,000 after buying an additional 519,717 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in The Hartford Insurance Group in the fourth quarter worth approximately $46,271,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Stock Down 2.6%

Shares of The Hartford Insurance Group stock traded down $3.19 during trading hours on Tuesday, reaching $119.72. 1,748,269 shares of the company's stock were exchanged, compared to its average volume of 1,595,672. 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 company has a 50 day moving average of $126.78 and a two-hundred day moving average of $119.41. The stock has a market cap of $34.01 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.17 and a beta of 0.69. The Hartford Insurance Group, Inc. has a fifty-two week low of $101.02 and a fifty-two week high of $132.09.

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

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were given 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 dividend yield of 1.74%. The Hartford Insurance Group's payout ratio is presently 20.74%.

Analyst Upgrades and Downgrades

HIG has been the topic of several research analyst reports. Raymond James Financial lifted their price objective on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Wells Fargo & Company upped their price objective on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. UBS Group boosted their target price on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. 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 research report on Friday, April 11th. Finally, Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, The Hartford Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price of $133.67.

Insider Activity

In related news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% 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.