New York State Common Retirement Fund Sells 44,801 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

New York State Common Retirement Fund cut its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 186,738 shares of the insurance provider's stock after selling 44,801 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of The Hartford Insurance Group worth $23,105,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC raised its holdings in The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock valued at $355,000 after buying an additional 84 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in The Hartford Insurance Group by 1.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock worth $690,000 after purchasing an additional 95 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings 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 boosted its holdings 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 boosted its holdings in shares of The Hartford Insurance Group by 3.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock valued at $438,000 after acquiring an additional 117 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Performance

HIG stock traded up $1.30 during midday trading on Thursday, hitting $121.85. The stock had a trading volume of 1,045,686 shares, compared to its average volume of 1,595,683. 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 stock has a 50-day simple moving average of $126.49 and a 200 day simple moving average of $119.42. The Hartford Insurance Group, Inc. has a 52 week low of $101.02 and a 52 week high of $132.09. The firm has a market capitalization of $34.62 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.16 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates 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 last year, the company earned $2.34 earnings per share. As a group, equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were given a $0.52 dividend. 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 1.71%. The Hartford Insurance Group's payout ratio is 20.74%.

Insider Buying and Selling

In related news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the sale, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HIG. Morgan Stanley boosted their price target on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Barclays cut their price objective on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, UBS Group lifted their price objective on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Six equities research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.67.

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.