12,953 Shares in The Hartford Insurance Group, Inc. (NYSE:HIG) Bought by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,953 shares of the insurance provider's stock, valued at approximately $1,603,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in The Hartford Insurance Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock valued at $792,796,000 after purchasing an additional 81,495 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of The Hartford Insurance Group by 6.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,830,462 shares of the insurance provider's stock worth $419,053,000 after acquiring an additional 234,320 shares during the last quarter. Norges Bank acquired a new position in shares of The Hartford Insurance Group in the 4th quarter worth approximately $416,340,000. Northern Trust Corp lifted its holdings in shares of The Hartford Insurance Group by 17.2% in the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock worth $387,021,000 after acquiring an additional 519,717 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of The Hartford Insurance Group by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider's stock worth $434,181,000 after acquiring an additional 60,116 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Up 0.4%

Shares of NYSE:HIG traded up $0.51 during trading hours on Friday, reaching $122.84. The stock had a trading volume of 1,608,532 shares, compared to its average volume of 1,600,144. The Hartford Insurance Group, Inc. has a 1 year low of $101.02 and a 1 year high of $132.09. The firm's 50 day moving average is $126.37 and its 200-day moving average is $119.51. 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 stock has a market capitalization of $34.90 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 1.26 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced 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 net margin of 11.10% and a return on equity of 18.73%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the firm posted $2.34 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.

Analysts Set New Price Targets

HIG has been the topic of several recent analyst reports. Raymond James Financial upped 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. Piper Sandler upped their price objective on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Wells Fargo & Company upped their price objective on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. 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, July 7th. Finally, 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. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $133.67.

Insider Activity at The Hartford Insurance Group

In related news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 622 shares of the company's stock, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

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.