Oppenheimer & Co. Inc. Has $533,000 Stock Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Oppenheimer & Co. Inc. increased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 86.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,306 shares of the insurance provider's stock after buying an additional 2,000 shares during the period. Oppenheimer & Co. Inc.'s holdings in The Hartford Insurance Group were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HIG. Vaughan Nelson Investment Management L.P. lifted its holdings in The Hartford Insurance Group by 1.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after purchasing an additional 95 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of The Hartford Insurance Group by 26.7% during the 4th quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock worth $51,000 after buying an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of The Hartford Insurance Group by 0.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock worth $1,453,000 after buying an additional 105 shares during the period. Quadrant Capital Group LLC grew its stake in The Hartford Insurance Group by 3.0% in the 4th quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock valued at $438,000 after buying an additional 117 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in The Hartford Insurance Group by 3.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,429 shares of the insurance provider's stock worth $375,000 after acquiring an additional 124 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HIG. Morgan Stanley upped their target price on 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. Piper Sandler increased 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. Barclays boosted their target price on shares of The Hartford Insurance Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. 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 note on Monday, March 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

The Hartford Insurance Group Price Performance

Shares of The Hartford Insurance Group stock traded up $1.81 during trading on Friday, reaching $124.71. 937,213 shares of the company's stock were exchanged, compared to its average volume of 1,589,296. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a 1-year low of $98.16 and a 1-year high of $132.09. The company has a market cap of $35.43 billion, a P/E ratio of 12.43, a PEG ratio of 1.19 and a beta of 0.69. The firm's 50-day moving average price is $126.78 and its 200 day moving average price is $118.64.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.34 earnings per share. As a group, research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.67%. The Hartford Insurance Group's payout ratio is 20.74%.

Insider Activity

In other The Hartford Insurance Group 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 completion of the sale, the senior vice president owned 622 shares of the company's stock, valued at approximately $74,279.24. This represents a 63.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

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.