Teacher Retirement System of Texas Sells 380,418 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Teacher Retirement System of Texas trimmed its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 52.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,507 shares of the insurance provider's stock after selling 380,418 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of The Hartford Insurance Group worth $42,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Spurstone Advisory Services LLC bought a new position in The Hartford Insurance Group during the fourth quarter valued at about $33,000. Center for Financial Planning Inc. bought a new position in 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 during the fourth quarter valued at about $35,000. Flagship Wealth Advisors LLC purchased a new stake in The Hartford Insurance Group during the fourth quarter valued at about $36,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in The Hartford Insurance Group during the first quarter valued at about $37,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $129,690.12. Following the completion of the sale, the senior vice president directly owned 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. UBS Group increased their price target on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Raymond James Financial increased their price target on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, March 31st. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Jefferies Financial Group reduced their price target on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Six investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.58.

The Hartford Insurance Group Stock Up 1.5%

Shares of NYSE:HIG traded up $1.81 on Friday, hitting $124.71. 937,213 shares of the company traded hands, compared to its average volume of 1,589,296. The Hartford Insurance Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $126.78 and a 200-day simple moving average of $118.64. The company has a market cap of $35.43 billion, a PE ratio of 12.43, a PEG ratio of 1.19 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period last year, the company earned $2.34 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.67%. The Hartford Insurance Group's payout ratio is 20.74%.

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.