Voya Investment Management LLC increased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 249,602 shares of the insurance provider's stock after acquiring an additional 3,919 shares during the period. Voya Investment Management LLC owned approximately 0.09% of The Hartford Insurance Group worth $30,883,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Modern Wealth Management LLC bought a new stake in The Hartford Insurance Group during the 1st quarter worth approximately $854,000. Strs Ohio bought a new position in shares of The Hartford Insurance Group in the 1st quarter worth $8,879,000. Intrua Financial LLC bought a new position in shares of The Hartford Insurance Group in the 1st quarter worth $214,000. Advisors Capital Management LLC increased its holdings in shares of The Hartford Insurance Group by 1.9% in the 1st quarter. Advisors Capital Management LLC now owns 7,474 shares of the insurance provider's stock worth $925,000 after buying an additional 141 shares during the last quarter. Finally, WBI Investments LLC bought a new position in shares of The Hartford Insurance Group in the 1st quarter worth $2,704,000. Institutional investors own 93.42% of the company's stock.
Insider Buying and Selling at The Hartford Insurance Group
In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer owned 77,574 shares of the company's stock, valued at $9,580,389. This represents a 31.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.
The Hartford Insurance Group Trading Down 1.4%
HIG traded down $1.82 during trading on Tuesday, hitting $129.64. 2,306,366 shares of the stock traded hands, compared to its average volume of 1,624,120. The firm has a market capitalization of $36.45 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.28 and a beta of 0.72. 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 firm has a 50-day moving average of $127.91 and a 200 day moving average of $124.67. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $135.17.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 EPS. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.
The Hartford Insurance Group Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.6%. The Hartford Insurance Group's dividend payout ratio is presently 18.86%.
Wall Street Analyst Weigh In
HIG has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an "overweight" rating and a $152.00 price target on the stock. Wells Fargo & Company increased their price target on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Citigroup initiated coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Wolfe Research assumed coverage on shares of The Hartford Insurance Group in a report on Tuesday. They issued a "peer perform" rating on the stock. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $138.00.
View Our Latest Stock Report on The Hartford Insurance Group
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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