PUREfi Wealth LLC Takes $250,000 Position in The Hartford Insurance Group, Inc. $HIG

Key Points

• PUREfi Wealth LLC has acquired a new stake in The Hartford Insurance Group, purchasing 1,971 shares valued at approximately $250,000 during the second quarter.
• Corporate insiders have been active, with EVP Donald Christian Hunt selling 2,124 shares and CFO Beth Ann Costello selling 35,340 shares, indicating significant insider transactions.
• The Hartford has recently received a range of analyst ratings, with Citigroup giving a "neutral" rating while others like Wall Street Zen upgraded it to "buy," reflecting varied investor sentiment.

PUREfi Wealth LLC purchased a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,971 shares of the insurance provider's stock, valued at approximately $250,000.

Other large investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC raised its holdings in The Hartford Insurance Group by 146.2% during the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock worth $32,000 after purchasing an additional 155 shares during the last quarter. Center for Financial Planning Inc. bought a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at $33,000. Meeder Asset Management Inc. increased its stake in shares of The Hartford Insurance Group by 123.8% in the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock valued at $36,000 after acquiring an additional 161 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in The Hartford Insurance Group in the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC acquired a new stake in The Hartford Insurance Group in the 2nd quarter valued at $38,000. Institutional investors own 93.42% of the company's stock.

Insider Buying and Selling

In other news, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares of the company's stock, valued at $9,580,389. The trade was a 31.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

HIG has been the subject of several research reports. Citigroup assumed coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price target for the company. Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Friday. Barclays lowered their price objective on 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. Morgan Stanley increased their price target on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Finally, Wolfe Research initiated coverage on shares of The Hartford Insurance Group in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.93.

The Hartford Insurance Group Stock Up 0.4%

Shares of NYSE HIG opened at $133.51 on Monday. The stock has a market capitalization of $37.54 billion, a P/E ratio of 12.10, a PEG ratio of 1.29 and a beta of 0.69. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $135.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The firm's 50 day simple moving average is $130.65 and its two-hundred day simple moving average is $126.02.

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

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was 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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