Robeco Institutional Asset Management B.V. Decreases Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Robeco Institutional Asset Management B.V. lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,078,861 shares of the insurance provider's stock after selling 155,619 shares during the period. Robeco Institutional Asset Management B.V. owned 0.37% of The Hartford Insurance Group worth $133,487,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HIG. Wealth Effects LLC purchased a new stake in The Hartford Insurance Group during the first quarter valued at about $204,000. Golden State Wealth Management LLC lifted its stake in shares of The Hartford Insurance Group by 167.8% during the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock valued at $39,000 after buying an additional 198 shares in the last quarter. Spire Wealth Management boosted its holdings in The Hartford Insurance Group by 17.4% in the 1st quarter. Spire Wealth Management now owns 4,809 shares of the insurance provider's stock worth $595,000 after buying an additional 713 shares during the period. International Assets Investment Management LLC raised its holdings in The Hartford Insurance Group by 1.9% during the 1st quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider's stock valued at $713,000 after acquiring an additional 105 shares during the period. Finally, Bluesphere Advisors LLC lifted its position in shares of The Hartford Insurance Group by 8.2% during the first quarter. Bluesphere Advisors LLC now owns 2,930 shares of the insurance provider's stock worth $363,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Trading Up 0.7%

NYSE:HIG traded up $0.85 during trading hours on Friday, reaching $125.59. The company's stock had a trading volume of 772,394 shares, compared to its average volume of 1,583,635. 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 Hartford Insurance Group, Inc. has a 1 year low of $98.16 and a 1 year high of $132.09. The firm has a 50-day simple moving average of $126.05 and a 200-day simple moving average of $118.19. The firm has a market capitalization of $35.68 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.20 and a beta of 0.71.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly 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 Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. Research 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be given a dividend of $0.52 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.66%. The Hartford Insurance Group's dividend payout ratio (DPR) is currently 20.74%.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction dated Monday, April 28th. The stock was 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 now owns 622 shares of the company's stock, valued at approximately $74,279.24. The trade was a 63.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. This represents a 0.54% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on HIG shares. UBS Group lifted their target price on The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a report on Monday, April 28th. JPMorgan Chase & Co. increased their target price on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Morgan Stanley boosted their price target on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Raymond James Financial increased their price objective on The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Finally, Piper Sandler boosted their target price on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $131.15.

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.