New York State Teachers Retirement System Has $35.87 Million Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

New York State Teachers Retirement System cut its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,889 shares of the insurance provider's stock after selling 10,640 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of The Hartford Insurance Group worth $35,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spurstone Advisory Services LLC acquired a new position in The Hartford Insurance Group during the fourth quarter valued at approximately $33,000. Center for Financial Planning Inc. acquired a new position in The Hartford Insurance Group during the 1st quarter worth $33,000. Itau Unibanco Holding S.A. bought a new stake in The Hartford Insurance Group during the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC acquired a new stake in shares of The Hartford Insurance Group in the fourth quarter valued at about $36,000. Finally, Golden State Wealth Management LLC increased its stake in shares of The Hartford Insurance Group by 167.8% in the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after purchasing an additional 198 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hartford Insurance Group

In related news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction 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 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HIG. Piper Sandler raised their price objective on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price target on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Raymond James Financial raised 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 report on Monday, March 31st. Morgan Stanley lifted their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company dropped their price target on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $132.58.

The Hartford Insurance Group Trading Down 2.9%

Shares of NYSE:HIG traded down $3.70 during trading on Wednesday, hitting $122.90. 1,760,046 shares of the company's stock were exchanged, compared to its average volume of 1,589,962. The firm has a 50-day moving average price of $126.59 and a two-hundred day moving average price of $118.52. The Hartford Insurance Group, Inc. has a 1-year low of $98.16 and a 1-year high of $132.09. The firm has a market cap of $34.92 billion, a P/E ratio of 12.25, a PEG ratio of 1.23 and a beta of 0.69. 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 Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. Equities analysts predict 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 will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.69%. The Hartford Insurance Group's payout ratio is 20.74%.

About The Hartford Insurance Group

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.