QRG Capital Management Inc. Acquires 50,394 Shares of The Hartford Insurance Group, Inc. $HIG

QRG Capital Management Inc. boosted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 82.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,805 shares of the insurance provider's stock after acquiring an additional 50,394 shares during the period. QRG Capital Management Inc.'s holdings in The Hartford Insurance Group were worth $15,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signal Advisors Wealth LLC raised its stake in shares of The Hartford Insurance Group by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider's stock valued at $240,000 after purchasing an additional 75 shares during the period. Sound Income Strategies LLC raised its stake in shares of The Hartford Insurance Group by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 87 shares during the period. Larson Financial Group LLC raised its stake in shares of The Hartford Insurance Group by 16.4% in the 3rd quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider's stock valued at $83,000 after purchasing an additional 87 shares during the period. REAP Financial Group LLC raised its stake in shares of The Hartford Insurance Group by 12.7% in the 3rd quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 89 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of The Hartford Insurance Group by 2.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,333 shares of the insurance provider's stock valued at $445,000 after purchasing an additional 93 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HIG shares. Morgan Stanley lifted their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 3rd. Weiss Ratings raised The Hartford Insurance Group from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, February 13th. Bank of America lifted their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the company a "neutral" rating in a research note on Tuesday, April 14th. Citigroup lifted their price target on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on The Hartford Insurance Group from $143.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, The Hartford Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $149.31.

The Hartford Insurance Group Stock Performance

HIG opened at $134.15 on Wednesday. The Hartford Insurance Group, Inc. has a 52-week low of $119.61 and a 52-week high of $144.50. The firm has a market capitalization of $36.78 billion, a PE ratio of 9.43, a PEG ratio of 2.38 and a beta of 0.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The business's 50-day simple moving average is $137.15 and its 200 day simple moving average is $135.01.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing analysts' consensus estimates of $3.39 by ($0.30). The business had revenue of $14.45 billion for the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The Hartford Insurance Group's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $2.20 EPS. As a group, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 13.26 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 2nd. The Hartford Insurance Group's payout ratio is 16.87%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the transaction, the executive vice president owned 25,392 shares of the company's stock, valued at $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

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