Natixis Advisors LLC Grows Stake in The Hartford Insurance Group, Inc. (NYSE:HIG)

Key Points

• Natixis Advisors LLC has increased its stake in The Hartford Insurance Group by 4.7%, owning approximately 189,173 shares valued at about $23.4 million.
• Several research firms have raised their target prices for The Hartford, with Wells Fargo increasing it from $138.00 to $139.00 and Morgan Stanley from $130.00 to $135.00, reflecting positive analyst sentiment.
• The Hartford Insurance Group announced a quarterly dividend of $0.52 per share to be paid on October 2nd, with an annualized yield of 1.7%.

Natixis Advisors LLC increased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,173 shares of the insurance provider's stock after acquiring an additional 8,567 shares during the period. Natixis Advisors LLC owned about 0.07% of The Hartford Insurance Group worth $23,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC grew its position in The Hartford Insurance Group by 146.2% in the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock worth $32,000 after acquiring an additional 155 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in The Hartford Insurance Group in the first quarter worth $33,000. Meeder Asset Management Inc. grew its position in The Hartford Insurance Group by 123.8% in the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock worth $36,000 after acquiring an additional 161 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in The Hartford Insurance Group in the fourth quarter worth $33,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in The Hartford Insurance Group in the first quarter worth $37,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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. Morgan Stanley upped their target price on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price target (up from $135.00) on shares of The Hartford Insurance Group in a research note on Friday. Finally, Jefferies Financial Group lowered their price target on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Six investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.67.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $122.86 on Friday. The company has a market cap of $34.54 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69. The company has a 50-day moving average price of $125.05 and a 200-day moving average price of $120.61. 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, Inc. has a 12 month low of $103.96 and a 12 month high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.50 earnings per share. As a group, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio is 18.86%.

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.

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