Rehmann Capital Advisory Group Sells 2,197 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Rehmann Capital Advisory Group reduced its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,444 shares of the insurance provider's stock after selling 2,197 shares during the quarter. Rehmann Capital Advisory Group's holdings in The Hartford Insurance Group were worth $1,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC raised its position in The Hartford Insurance Group by 3.0% during the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock worth $355,000 after acquiring an additional 84 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in The Hartford Insurance Group by 1.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock worth $690,000 after acquiring an additional 95 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in The Hartford Insurance Group by 0.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock worth $1,453,000 after acquiring an additional 105 shares in the last quarter. International Assets Investment Management LLC raised its position in The Hartford Insurance Group by 1.9% during the first quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock worth $713,000 after acquiring an additional 105 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in 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 worth $438,000 after acquiring an additional 117 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays decreased 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 report on Monday. Piper Sandler upped their price objective on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. upped 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 report on Tuesday, April 8th. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company upped their price objective on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, The Hartford Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $133.67.

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 that occurred on Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the transaction, the senior vice president owned 622 shares in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

The Hartford Insurance Group Price Performance

Shares of HIG stock traded down $0.82 on Friday, reaching $121.13. The company had a trading volume of 411,201 shares, compared to its average volume of 1,588,360. The stock has a market capitalization of $34.41 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.18 and a beta of 0.69. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The Hartford Insurance Group, Inc. has a one year low of $99.65 and a one year high of $132.09. The business's 50-day moving average is $126.93 and its 200 day moving average is $119.14.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results 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 analysts' expectations of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.34 earnings per share. Equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were issued a $0.52 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.72%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.

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.