Stratos Investment Management LLC Has $799,000 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 the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the fourth quarter valued at approximately $33,000. Center for Financial Planning Inc. bought a new stake in shares of The Hartford Insurance Group during the 1st quarter worth $33,000. Itau Unibanco Holding S.A. bought a new stake in shares of The Hartford Insurance Group during the 4th quarter worth $35,000. Flagship Wealth Advisors LLC bought a new stake in shares of The Hartford Insurance Group during the 4th quarter worth $36,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in The Hartford Insurance Group during the 1st quarter valued at $37,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Trading Down 0.9%

Shares of NYSE HIG traded down $1.15 during mid-day trading on Friday, hitting $120.80. The company's stock had a trading volume of 1,124,566 shares, compared to its average volume of 1,594,671. The stock has a market cap of $34.32 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.17 and a beta of 0.69. 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 one year low of $101.02 and a one year high of $132.09. The company's fifty day simple moving average is $126.84 and its 200-day simple moving average is $119.27.

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

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group's payout ratio is currently 20.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HIG shares. UBS Group upped their target price on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday. Raymond James Financial increased their price objective on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Morgan Stanley increased their price objective on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Piper Sandler increased their price objective on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.67.

Insiders Place Their Bets

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction that occurred on 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 owned 622 shares of the company's stock, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company's stock.

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.