The Hartford Insurance Group, Inc. $HIG Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC decreased its stake in The Hartford Insurance Group by 52.2%, owning 3,053 shares valued at approximately $378,000 after selling 3,331 shares in a recent quarter.
• Several large investors have increased their stakes in The Hartford Insurance Group, including Park Square Financial Group LLC, which boosted its stake by 146.2%, showing growing interest in the company.
• Analysts have set strong target prices for the stock, with UBS Group raising its target to $150.00 and Cantor Fitzgerald giving it an "overweight" rating, contributing to a consensus rating of "Moderate Buy".

Venture Visionary Partners LLC lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 52.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,053 shares of the insurance provider's stock after selling 3,331 shares during the period. Venture Visionary Partners LLC's holdings in The Hartford Insurance Group were worth $378,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HIG. Park Square Financial Group LLC boosted its stake in shares of The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the fourth quarter valued at $33,000. Center for Financial Planning Inc. acquired a new stake in shares of The Hartford Insurance Group during the first quarter valued at $33,000. Itau Unibanco Holding S.A. purchased a new position in The Hartford Insurance Group during the fourth quarter worth about $35,000. Finally, Meeder Asset Management Inc. lifted its position in The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock worth $36,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HIG. Cantor Fitzgerald began coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They set an "overweight" rating and a $152.00 target price on the stock. Morgan Stanley increased their target price on The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company increased their target price on The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. UBS Group increased their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $140.00 target price (up from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, The Hartford Insurance Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.64.

The Hartford Insurance Group Stock Performance

The Hartford Insurance Group stock opened at $133.1370 on Friday. The stock's 50-day moving average is $125.46 and its 200-day moving average is $122.29. The company has a market cap of $37.43 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.30 and a beta of 0.67. 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 Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $134.12.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.58. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.50 EPS. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is 18.86%.

Insider Activity at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,340 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

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.

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