The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Purchased by Foundry Partners LLC

Foundry Partners LLC boosted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 17.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,299 shares of the insurance provider's stock after buying an additional 35,489 shares during the period. The Hartford Insurance Group accounts for approximately 1.6% of Foundry Partners LLC's investment portfolio, making the stock its 7th largest holding. Foundry Partners LLC owned 0.09% of The Hartford Insurance Group worth $30,103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in The Hartford Insurance Group in the 4th quarter worth approximately $416,340,000. GAMMA Investing LLC lifted its position in The Hartford Insurance Group by 14,049.5% in the first quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock worth $1,761,930,000 after purchasing an additional 1,413,945 shares during the period. Ameriprise Financial Inc. boosted its stake in The Hartford Insurance Group by 48.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock valued at $247,761,000 after purchasing an additional 735,170 shares in the last quarter. Northern Trust Corp increased its position in shares of The Hartford Insurance Group by 17.2% during the 4th quarter. Northern Trust Corp now owns 3,537,665 shares of the insurance provider's stock valued at $387,021,000 after purchasing an additional 519,717 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in shares of The Hartford Insurance Group in the 4th quarter worth $46,271,000. 93.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays lowered their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday, July 7th. UBS Group lifted their price objective on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Raymond James Financial lifted their price target on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Finally, Piper Sandler upped their price target on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target of $133.67.

The Hartford Insurance Group Stock Up 1.7%

The Hartford Insurance Group stock traded up $2.02 during trading hours on Tuesday, hitting $123.39. The company had a trading volume of 1,408,328 shares, compared to its average volume of 1,598,916. The Hartford Insurance Group, Inc. has a fifty-two week low of $101.48 and a fifty-two week high of $132.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $35.05 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.27 and a beta of 0.69. The firm's fifty day moving average is $126.28 and its 200-day moving average is $119.75.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.05. The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.34 earnings per share. On average, research analysts forecast 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. This represents a $2.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is presently 20.74%.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the completion of the transaction, the senior vice president owned 622 shares of the company's stock, valued at $74,279.24. The trade was a 63.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

The Hartford Insurance Group 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.