The Hartford Insurance Group, Inc. $HIG Shares Acquired by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its stake in The Hartford Insurance Group by 387.8% in Q1, owning a total of 21,355 shares valued at approximately $2.64 million.
• The Hartford Insurance Group recently reported earnings per share (EPS) of $3.41 for Q2, exceeding expectations and showing a significant increase from $2.50 EPS in the same quarter last year.
• The company announced a quarterly dividend of $0.52 per share, with a yield of 1.6%, to be paid on October 2nd for shareholders on record as of September 2nd.

Jones Financial Companies Lllp lifted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 387.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,355 shares of the insurance provider's stock after purchasing an additional 16,977 shares during the period. Jones Financial Companies Lllp's holdings in The Hartford Insurance Group were worth $2,642,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HIG. Cetera Investment Advisers lifted its holdings in The Hartford Insurance Group by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 54,735 shares of the insurance provider's stock worth $5,988,000 after buying an additional 2,372 shares during the last quarter. Focus Partners Wealth raised its position in shares of The Hartford Insurance Group by 16.9% during the 4th quarter. Focus Partners Wealth now owns 14,369 shares of the insurance provider's stock worth $1,572,000 after acquiring an additional 2,077 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of The Hartford Insurance Group by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,664 shares of the insurance provider's stock worth $14,185,000 after acquiring an additional 7,006 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in The Hartford Insurance Group by 20.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 12,499 shares of the insurance provider's stock worth $1,367,000 after purchasing an additional 2,081 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in The Hartford Insurance Group in the fourth quarter valued at approximately $340,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

Insider Buying and Selling

In other The Hartford Insurance Group news, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer owned 77,574 shares of the company's stock, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HIG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Barclays dropped their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Morgan Stanley boosted their price target on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Citigroup began coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $138.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

The Hartford Insurance Group Stock Up 0.2%

Shares of NYSE:HIG opened at $131.13 on Thursday. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $36.87 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.27 and a beta of 0.72. The firm has a fifty day moving average price of $127.41 and a 200 day moving average price of $124.22.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $7.02 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 18.86%.

About The Hartford Insurance Group

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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