Sowell Financial Services LLC Takes Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Sowell Financial Services LLC acquired a new position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,756 shares of the insurance provider's stock, valued at approximately $465,000.

Several other institutional investors have also recently bought and sold shares of the stock. Mission Wealth Management LP raised its position in The Hartford Insurance Group by 4.5% in the 1st quarter. Mission Wealth Management LP now owns 8,566 shares of the insurance provider's stock worth $1,060,000 after purchasing an additional 368 shares during the last quarter. CHB Investment Group LLC grew its holdings in shares of The Hartford Insurance Group by 0.5% in the 1st quarter. CHB Investment Group LLC now owns 26,483 shares of the insurance provider's stock valued at $3,277,000 after buying an additional 140 shares during the period. Ritholtz Wealth Management grew its holdings in shares of The Hartford Insurance Group by 2.7% in the 1st quarter. Ritholtz Wealth Management now owns 67,631 shares of the insurance provider's stock valued at $8,368,000 after buying an additional 1,785 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of The Hartford Insurance Group by 1.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 95 shares during the period. Finally, Griffin Asset Management Inc. grew its holdings in shares of The Hartford Insurance Group by 114.9% in the 1st quarter. Griffin Asset Management Inc. now owns 15,385 shares of the insurance provider's stock valued at $1,904,000 after buying an additional 8,225 shares during the period. Institutional investors own 93.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HIG. UBS Group upped their target price on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Jefferies Financial Group reduced their target price on shares of 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. Wells Fargo & Company reduced their target price on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. upped 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. Finally, Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $131.15.

The Hartford Insurance Group Trading Up 0.9%

Shares of NYSE:HIG opened at $126.06 on Friday. The Hartford Insurance Group, Inc. has a 52-week low of $98.16 and a 52-week high of $132.09. The company has a market capitalization of $35.81 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.21 and a beta of 0.71. The company has a 50-day simple moving average of $125.38 and a 200 day simple moving average of $118.01. 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 (NYSE:HIG - Get Free Report) last issued its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.05. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period last year, the business posted $2.34 EPS. The Hartford Insurance Group's revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be issued a $0.52 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.65%. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the transaction, the senior vice president now directly owns 622 shares of the company's stock, valued at $74,279.24. This represents a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the 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 completion of the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at approximately $26,385,250. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

About The Hartford Insurance Group

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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