12,953 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Retirement Planning Co of New England Inc.

Key Points

• Retirement Planning Co of New England Inc. has purchased 12,953 shares of The Hartford Insurance Group, valued at approximately $1.6 million, as reported in their Form 13F filing with the SEC.
• Recent analyst upgrades include a price target increase from $135.00 to $150.00 by various brokerages, indicating a generally positive outlook for the company's stock, with a consensus target price of $137.64.
• The Hartford Insurance Group declared a quarterly dividend of $0.52 per share, with an annualized yield of 1.6%, to be paid on October 2nd to shareholders of record as of September 2nd.

Retirement Planning Co of New England Inc. acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,953 shares of the insurance provider's stock, valued at approximately $1,603,000.

Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC lifted its stake in The Hartford Insurance Group by 146.2% in 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 in the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter worth about $33,000. Center for Financial Planning Inc. purchased a new position in shares of The Hartford Insurance Group in the 1st quarter valued at $33,000. Itau Unibanco Holding S.A. purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $35,000. Finally, Meeder Asset Management Inc. boosted its stake in The Hartford Insurance Group by 123.8% during the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock worth $36,000 after purchasing an additional 161 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HIG. Cantor Fitzgerald initiated coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an "overweight" rating and a $152.00 target price on the stock. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley lifted their price target on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Wells Fargo & Company boosted their target price on The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods increased their target price on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.00.

The Hartford Insurance Group Stock Up 1.2%

Shares of NYSE HIG traded up $1.55 during mid-day trading on Thursday, reaching $134.70. The company had a trading volume of 1,701,498 shares, compared to its average volume of 1,624,416. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $135.17. The stock has a fifty day moving average of $126.75 and a two-hundred day moving average of $123.55. The company has a market capitalization of $37.87 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.28 and a beta of 0.72.

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

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.5%. The Hartford Insurance Group's payout ratio is currently 18.86%.

Insider Buying and Selling at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,340 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. This represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

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.