The Hartford Insurance Group, Inc. $HIG Stock: AMF Tjanstepension AB Reduces Position

AMF Tjanstepension AB reduced its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 50.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,974 shares of the insurance provider's stock after selling 100,973 shares during the period. AMF Tjanstepension AB's holdings in The Hartford Insurance Group were worth $12,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HIG. BlackRock Inc. acquired a new stake in The Hartford Insurance Group in the 2nd quarter worth approximately $4,067,052,000. Dimensional Fund Advisors LP raised its holdings in shares of The Hartford Insurance Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider's stock worth $635,490,000 after buying an additional 72,448 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of The Hartford Insurance Group by 2.1% in the first quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider's stock worth $518,150,000 after buying an additional 79,827 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of The Hartford Insurance Group by 5.8% during the first quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider's stock worth $468,113,000 after buying an additional 189,916 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of The Hartford Insurance Group during the second quarter worth $346,877,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Trading Up 2.6%

Shares of The Hartford Insurance Group stock opened at $139.35 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a fifty day moving average price of $133.48 and a 200 day moving average price of $135.01. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The stock has a market cap of $37.75 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 2.21 and a beta of 0.49.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.16 by $0.26. The company had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.41 earnings per share. Equities research analysts predict that The Hartford Insurance Group, Inc. will post 12.88 earnings per share for the current year.

Analysts Set New Price Targets

HIG has been the topic of a number of research analyst reports. UBS Group dropped their price objective on shares of The Hartford Insurance Group from $155.00 to $149.00 and set a "buy" rating on the stock in a report on Tuesday, October 6th. Royal Bank Of Canada raised their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Mizuho lowered their price target on The Hartford Insurance Group from $154.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, October 7th. Weiss Ratings upgraded The Hartford Insurance Group from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on The Hartford Insurance Group from $149.00 to $152.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $145.25.

The Hartford Insurance Group Company Profile

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford's commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers' compensation, property, general liability, and specialty insurance.

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