National Pension Service Has $58.69 Million Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Key Points

• The National Pension Service increased its stake in The Hartford Insurance Group by 3.0%, bringing its total holdings to 474,322 shares valued at approximately $58.7 million.
• Multiple institutional investors have also expanded their positions, with notable increases by Golden State Wealth Management (167.8%) and Oppenheimer & Co. Inc. (86.7%), highlighting strong institutional interest in the company.
• Analyst ratings are generally positive, with a consensus price target of $137.64 and multiple firms raising their targets for the stock, indicating a potential for future growth.

National Pension Service raised its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 474,322 shares of the insurance provider's stock after purchasing an additional 13,737 shares during the period. National Pension Service owned 0.17% of The Hartford Insurance Group worth $58,688,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HIG. Mariner LLC grew its position in shares of The Hartford Insurance Group by 1.5% during the 4th quarter. Mariner LLC now owns 53,611 shares of the insurance provider's stock valued at $5,865,000 after buying an additional 810 shares during the last quarter. CreativeOne Wealth LLC grew its position in shares of The Hartford Insurance Group by 3.7% during the 4th quarter. CreativeOne Wealth LLC now owns 11,767 shares of the insurance provider's stock valued at $1,287,000 after buying an additional 424 shares during the last quarter. United Capital Financial Advisors LLC grew its position in shares of The Hartford Insurance Group by 1.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 12,134 shares of the insurance provider's stock valued at $1,327,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of The Hartford Insurance Group by 7.4% during the 4th quarter. NewEdge Advisors LLC now owns 49,283 shares of the insurance provider's stock valued at $5,392,000 after buying an additional 3,380 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in The Hartford Insurance Group during the 4th quarter valued at about $10,501,000. Institutional investors own 93.42% of the company's stock.

Insider Buying and Selling

In other news, CFO Beth Ann Costello sold 35,340 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the sale, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Price Performance

HIG stock traded down $0.60 on Friday, hitting $130.74. 2,700,466 shares of the company's stock traded hands, compared to its average volume of 1,471,675. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $132.09. The stock has a market cap of $36.76 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.27 and a beta of 0.67. The stock has a fifty day moving average of $124.94 and a 200-day moving average of $121.82. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same period in the prior year, the business earned $2.50 earnings per share. The business's quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.6%. The Hartford Insurance Group's dividend payout ratio is currently 18.86%.

Analysts Set New Price Targets

Several research analysts have commented on HIG shares. JPMorgan Chase & Co. upped their target price on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. UBS Group upped their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Barclays decreased their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Wells Fargo & Company upped their target price on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.64.

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.