Stratos Investment Management LLC Raises Stake in The Hartford Insurance Group, Inc. (NYSE:HIG)

Stratos Investment Management LLC lifted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 49.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,459 shares of the insurance provider's stock after acquiring an additional 2,135 shares during the period. Stratos Investment Management LLC's holdings in The Hartford Insurance Group were worth $799,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Spurstone Advisory Services LLC purchased a new position in The Hartford Insurance Group in the 4th quarter worth approximately $33,000. Center for Financial Planning Inc. bought a new position in shares of The Hartford Insurance Group during the first quarter valued at about $33,000. Itau Unibanco Holding S.A. purchased a new stake in The Hartford Insurance Group in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC purchased a new stake in The Hartford Insurance Group in the fourth quarter worth $36,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of The Hartford Insurance Group during the 1st quarter valued at about $37,000. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG traded down $0.70 during mid-day trading on Wednesday, reaching $121.76. The company's stock had a trading volume of 1,964,460 shares, compared to its average volume of 1,593,468. 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 52 week low of $99.15 and a 52 week high of $132.09. The stock has a fifty day moving average of $126.95 and a two-hundred day moving average of $119.03. The firm has a market capitalization of $34.59 billion, a PE ratio of 12.14, a P/E/G ratio of 1.20 and a beta of 0.69.

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, topping the consensus estimate of $2.15 by $0.05. The firm had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. As a group, sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is 20.74%.

Insider Buying and Selling at The Hartford Insurance Group

In related news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the sale, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HIG. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of 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 boosted their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler increased their price target 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. Finally, Barclays dropped their price objective on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.58.

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.