Stephens Inc. AR Sells 3,097 Shares of The Hartford Insurance Group, Inc. $HIG

Stephens Inc. AR cut its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,990 shares of the insurance provider's stock after selling 3,097 shares during the period. Stephens Inc. AR's holdings in The Hartford Insurance Group were worth $2,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIG. Woodline Partners LP increased its position in shares of The Hartford Insurance Group by 28,218.5% during the first quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider's stock worth $93,763,000 after acquiring an additional 755,128 shares in the last quarter. Nuveen LLC bought a new stake in The Hartford Insurance Group in the 1st quarter worth about $87,516,000. Bahl & Gaynor Inc. grew its position in The Hartford Insurance Group by 47.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider's stock worth $264,972,000 after purchasing an additional 684,390 shares in the last quarter. Amundi grew its position in The Hartford Insurance Group by 27.4% in the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider's stock worth $239,905,000 after purchasing an additional 417,951 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in The Hartford Insurance Group by 38.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider's stock worth $189,427,000 after purchasing an additional 414,216 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HIG. Citigroup began coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price objective for the company. Evercore ISI upped their price objective on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 1st. Wolfe Research began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a "peer perform" rating for the company. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of The Hartford Insurance Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price objective on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, The Hartford Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $140.07.

The Hartford Insurance Group Stock Up 0.1%

The Hartford Insurance Group stock opened at $125.05 on Friday. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The firm has a 50 day moving average price of $131.01 and a 200-day moving average price of $126.66. The company has a market capitalization of $35.16 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69. 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 Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its earnings results 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 Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the prior year, the firm earned $2.50 EPS. The company's revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

Insider Buying and Selling

In related news, EVP Donald Christian Hunt sold 2,124 shares of the company's stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of the company's stock in a transaction that occurred on 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 owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.