Stratos Investment Management LLC Increases Stock Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Stratos Investment Management LLC raised its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,459 shares of the insurance provider's stock after buying an additional 2,135 shares during the period. Stratos Investment Management LLC's holdings in The Hartford Insurance Group were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Center for Financial Planning Inc. purchased a new position in shares of The Hartford Insurance Group during the first quarter worth $33,000. Spurstone Advisory Services LLC purchased a new position in shares of The Hartford Insurance Group during the fourth quarter worth $33,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of The Hartford Insurance Group during the first quarter worth $37,000. Golden State Wealth Management LLC boosted its position in shares of The Hartford Insurance Group by 167.8% during the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after buying an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of The Hartford Insurance Group during the fourth quarter worth $35,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Stock Performance

Shares of HIG traded down $1.15 during midday trading on Friday, reaching $120.80. 1,124,566 shares of the stock were exchanged, compared to its average volume of 1,591,050. The business's 50-day moving average price is $126.93 and its 200 day moving average price is $119.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a twelve month low of $99.65 and a twelve month high of $132.09. The company has a market capitalization of $34.32 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.18 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.97 billion. During the same quarter in the previous year, the firm earned $2.34 earnings per share. The business's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is currently 20.74%.

Insider Activity at The Hartford Insurance Group

In other news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president owned 622 shares in the company, valued at approximately $74,279.24. The trade was 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 accessible through this link. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays decreased their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a report on Monday. Jefferies Financial Group decreased their target price on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a report on Friday, April 11th. Piper Sandler lifted their target price on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Morgan Stanley lifted their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their target price on The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $133.67.

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.