RWA Wealth Partners LLC Has $601,000 Stake in The Hartford Insurance Group, Inc. $HIG

Key Points

• RWA Wealth Partners LLC increased its stake in The Hartford Insurance Group by 163.2% in Q1, acquiring an additional 3,010 shares for a total holding valued at $601,000.
• The company's quarterly earnings surpassed expectations, reporting $3.41 EPS, exceeding the consensus estimate by $0.58, with a year-over-year revenue increase of 7.7%.
• The Hartford Insurance Group announced a quarterly dividend of $0.52 per share, yielding 1.6%, set to be paid on October 2nd to shareholders of record.

RWA Wealth Partners LLC boosted its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 163.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,854 shares of the insurance provider's stock after buying an additional 3,010 shares during the period. RWA Wealth Partners LLC's holdings in The Hartford Insurance Group were worth $601,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northern Trust Corp grew its stake in shares of The Hartford Insurance Group by 11.3% in the first quarter. Northern Trust Corp now owns 3,936,615 shares of the insurance provider's stock worth $487,077,000 after acquiring an additional 398,950 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 valued at $419,053,000 after purchasing an additional 234,320 shares during the period. Massachusetts Financial Services Co. MA grew its position in 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 purchasing an additional 60,116 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The Hartford Insurance Group by 48.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after purchasing an additional 735,170 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of The Hartford Insurance Group by 7.5% during the 4th quarter. AQR Capital Management LLC now owns 1,843,118 shares of the insurance provider's stock worth $201,637,000 after purchasing an additional 128,258 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Price Performance

NYSE:HIG traded up $0.7780 during trading hours on Friday, reaching $133.9780. The company had a trading volume of 1,459,319 shares, compared to its average volume of 1,481,287. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $125.64 and a two-hundred day moving average of $122.50. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $134.94. The firm has a market capitalization of $37.67 billion, a PE ratio of 12.15, a PEG ratio of 1.30 and a beta of 0.67.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion for 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 firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 EPS. Analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be paid a $0.52 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The Hartford Insurance Group's payout ratio is 18.86%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HIG shares. UBS Group lifted their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Wells Fargo & Company lifted their price objective 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. Barclays lowered their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Cantor Fitzgerald initiated coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an "overweight" rating and a $152.00 target price for the company. Finally, Raymond James Financial reiterated an "outperform" rating and set a $140.00 price target (up previously from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.64.

Insider Activity at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,340 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares of the company's stock, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by 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.