Stratos Investment Management LLC grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 49.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of The Hartford Insurance Group in the fourth quarter worth approximately $416,340,000. GAMMA Investing LLC increased its holdings in The Hartford Insurance Group by 14,049.5% in the first quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock worth $1,761,930,000 after buying an additional 1,413,945 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in The Hartford Insurance Group by 48.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after buying an additional 735,170 shares during the last quarter. Raymond James Financial Inc. acquired a new position in The Hartford Insurance Group in the fourth quarter worth approximately $65,256,000. Finally, Northern Trust Corp grew its holdings in The Hartford Insurance Group by 17.2% during the fourth quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after purchasing an additional 519,717 shares during the last quarter. Institutional investors own 93.42% of the company's stock.
The Hartford Insurance Group Stock Down 0.5%
NYSE HIG traded down $0.55 during trading on Thursday, hitting $121.32. The stock had a trading volume of 387,576 shares, compared to its average volume of 1,589,969. The Hartford Insurance Group, Inc. has a 12 month low of $99.53 and a 12 month high of $132.09. The company has a market capitalization of $34.47 billion, a PE ratio of 12.11, a P/E/G ratio of 1.18 and a beta of 0.69. 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 company's 50-day moving average price is $126.94 and its two-hundred day moving average price is $119.05.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 EPS. As a group, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.
The Hartford Insurance Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were issued 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 of this dividend was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is currently 20.74%.
Analysts Set New Price Targets
Several equities analysts have commented on HIG shares. UBS Group increased their price target on The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday. Wells Fargo & Company raised their target price on The Hartford Insurance Group from $134.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen raised The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Raymond James Financial lifted their price target on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. lifted their price objective on The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, The Hartford Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $133.67.
View Our Latest Stock Report on The Hartford Insurance Group
Insider Activity
In related news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction 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 represents a 63.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company's stock.
The Hartford Insurance Group Company Profile
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Free Report)
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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