Robeco Institutional Asset Management B.V. Purchases 414,216 Shares of The Hartford Insurance Group, Inc. $HIG

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in The Hartford Insurance Group by 38.4%, acquiring an additional 414,216 shares during Q2, bringing its total ownership to approximately 1.49 million shares.
• The Hartford Insurance Group reported a net margin of 11.83% and earnings of $3.41 per share for the last quarter, surpassing analysts' expectations of $2.83.
• The company will pay a quarterly dividend of $0.52 per share on October 2nd, representing an annualized yield of 1.6% and a payout ratio of 18.86%.

Robeco Institutional Asset Management B.V. increased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 38.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,493,077 shares of the insurance provider's stock after acquiring an additional 414,216 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.53% of The Hartford Insurance Group worth $189,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HIG. NorthRock Partners LLC raised its holdings in The Hartford Insurance Group by 2.6% in the 1st quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider's stock worth $395,000 after purchasing an additional 80 shares in the last quarter. Wayfinding Financial LLC raised its holdings in The Hartford Insurance Group by 3.0% in the 1st quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock worth $355,000 after purchasing an additional 84 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in The Hartford Insurance Group by 3.2% in the 1st quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider's stock worth $356,000 after purchasing an additional 88 shares in the last quarter. BayBridge Capital Group LLC raised its holdings in The Hartford Insurance Group by 2.4% in the 2nd quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider's stock worth $479,000 after purchasing an additional 89 shares in the last quarter. Finally, GSB Wealth Management LLC raised its holdings in The Hartford Insurance Group by 2.4% in the 2nd quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider's stock worth $488,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Stock Down 0.3%

NYSE:HIG opened at $133.02 on Thursday. The firm has a market cap of $37.40 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.29 and a beta of 0.69. 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 fifty-two week low of $104.93 and a fifty-two week high of $135.17. The firm has a 50-day simple moving average of $130.25 and a two-hundred day simple moving average of $125.74.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The Hartford Insurance Group's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. 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 company 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 dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is currently 18.86%.

Analyst Ratings Changes

Several research 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 for the company in a report on Monday, July 7th. Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $152.00 price target for the company. Wall Street Zen lowered shares of The Hartford Insurance Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Keefe, Bruyette & Woods increased their price target on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Citigroup assumed coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $137.93.

Insider Transactions at The Hartford Insurance Group

In other news, EVP Donald Christian Hunt sold 2,124 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. The trade was a 31.30% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

The Hartford Insurance Group 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.

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