Schroder Investment Management Group Sells 42,854 Shares of The Hartford Insurance Group, Inc. $HIG

Key Points

• Schroder Investment Management Group trimmed its stake in The Hartford by 5.3%, selling 42,854 shares and now holds 772,984 shares valued at about $102.23 million (0.28% of the company).
• The Hartford beat quarterly EPS estimates ($4.06 vs. $3.22) on $7.31B revenue, showing strong profitability (net margin 13.52%, ROE 21.92%), and pays a quarterly dividend of $0.60 (annualized $2.40, ~1.7% yield).
• Significant insider selling occurred recently—CFO sold 35,339 shares and EVP sold 5,681 shares—with insiders selling 343,928 shares (~$47.4M) in the last quarter while institutional ownership stands at 93.42%.

Schroder Investment Management Group decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 5.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 772,984 shares of the insurance provider's stock after selling 42,854 shares during the period. Schroder Investment Management Group owned 0.28% of The Hartford Insurance Group worth $102,227,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. increased its holdings in The Hartford Insurance Group by 5.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider's stock worth $195,000 after buying an additional 80 shares during the period. Mather Group LLC. boosted its position in The Hartford Insurance Group by 4.5% during the third quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider's stock worth $257,000 after acquiring an additional 83 shares during the last quarter. Monument Capital Management grew its position in shares of The Hartford Insurance Group by 0.4% in the third quarter. Monument Capital Management now owns 24,314 shares of the insurance provider's stock valued at $3,243,000 after purchasing an additional 85 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in The Hartford Insurance Group by 4.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider's stock valued at $262,000 after buying an additional 86 shares in the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of The Hartford Insurance Group by 12.7% in the third quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider's stock valued at $105,000 after purchasing an additional 89 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Insurance Group Trading Down 1.0%

Shares of HIG stock opened at $137.91 on Tuesday. The Hartford Insurance Group, Inc. has a twelve month low of $107.49 and a twelve month high of $144.50. The firm has a 50-day moving average price of $137.24 and a 200 day moving average price of $133.83. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $38.04 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.35 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.84. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.94 EPS. Research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The Hartford Insurance Group's payout ratio is presently 17.99%.

Insider Transactions at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 5,681 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total value of $805,736.23. Following the completion of the sale, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,609,672. The trade was a 23.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the firm's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $136.58, for a total value of $4,826,600.62. Following the transaction, the chief financial officer owned 77,574 shares in the company, valued at $10,595,056.92. This trade represents a 31.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 343,928 shares of company stock worth $47,393,256. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HIG has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the company an "overweight" rating in a research report on Monday, December 22nd. Roth Mkm upped their target price on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods lifted their price target on The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Argus upped their target price on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. Finally, Citigroup boosted their price objective on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.13.

The Hartford Insurance Group Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

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