Sage Mountain Advisors LLC Takes $301,000 Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Sage Mountain Advisors LLC purchased a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,430 shares of the insurance provider's stock, valued at approximately $301,000.

A number of other large investors also recently bought and sold shares of HIG. Proficio Capital Partners LLC raised its holdings in The Hartford Insurance Group by 9.7% in the 4th quarter. Proficio Capital Partners LLC now owns 5,773 shares of the insurance provider's stock worth $632,000 after purchasing an additional 512 shares during the period. Commonwealth Equity Services LLC increased its stake in The Hartford Insurance Group by 14.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 120,680 shares of the insurance provider's stock worth $13,202,000 after buying an additional 14,950 shares in the last quarter. Parallel Advisors LLC increased its stake in The Hartford Insurance Group by 1.0% during the 4th quarter. Parallel Advisors LLC now owns 17,239 shares of the insurance provider's stock worth $1,886,000 after buying an additional 164 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in The Hartford Insurance Group during the 4th quarter worth approximately $36,000. Finally, Generali Asset Management SPA SGR purchased a new stake in The Hartford Insurance Group during the 4th quarter worth approximately $5,937,000. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Trading Up 0.4%

The Hartford Insurance Group stock traded up $0.51 during mid-day trading on Friday, hitting $122.84. The company's stock had a trading volume of 1,608,532 shares, compared to its average volume of 1,678,435. The firm has a market capitalization of $34.90 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 1 year low of $101.02 and a 1 year high of $132.09. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. The stock's fifty day moving average is $126.37 and its two-hundred day moving average is $119.51.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $2.34 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

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

Insider Buying and Selling

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on HIG. Jefferies Financial Group cut their price objective on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price target on The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Morgan Stanley upped their price target on 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. Wells Fargo & Company upped their price target on The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, The Hartford Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $133.67.

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.