Foundry Partners LLC raised its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 17.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,299 shares of the insurance provider's stock after purchasing an additional 35,489 shares during the quarter. The Hartford Insurance Group makes up 1.6% of Foundry Partners LLC's holdings, making the stock its 7th biggest position. Foundry Partners LLC owned about 0.09% of The Hartford Insurance Group worth $30,103,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Private Advisor Group LLC lifted its holdings in shares of The Hartford Insurance Group by 4.7% during the first quarter. Private Advisor Group LLC now owns 21,700 shares of the insurance provider's stock worth $2,685,000 after buying an additional 971 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of The Hartford Insurance Group during the first quarter worth $1,603,000. Commerzbank Aktiengesellschaft FI raised its stake in The Hartford Insurance Group by 184.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 17,057 shares of the insurance provider's stock valued at $2,111,000 after purchasing an additional 11,060 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in The Hartford Insurance Group by 72.0% in the first quarter. Kingsview Wealth Management LLC now owns 53,987 shares of the insurance provider's stock valued at $6,680,000 after purchasing an additional 22,606 shares in the last quarter. Finally, Graypoint LLC raised its stake in The Hartford Insurance Group by 10.8% in the first quarter. Graypoint LLC now owns 4,634 shares of the insurance provider's stock valued at $573,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company's stock.
Insider Buying and Selling
In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president directly owned 622 shares in the company, valued at $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is owned by company insiders.
The Hartford Insurance Group Stock Performance
HIG stock traded up $1.05 during trading on Tuesday, reaching $122.42. The stock had a trading volume of 385,265 shares, compared to its average volume of 1,594,319. The stock's 50 day moving average is $126.28 and its two-hundred day moving average is $119.75. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. The Hartford Insurance Group, Inc. has a 52 week low of $101.12 and a 52 week high of $132.09. The firm has a market cap of $34.78 billion, a PE ratio of 12.20, a PEG ratio of 1.28 and a beta of 0.69.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter last year, the company earned $2.34 earnings per share. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.
The Hartford Insurance Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.70%. The Hartford Insurance Group's dividend payout ratio (DPR) is 20.74%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on HIG. Barclays dropped their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research note on Monday, July 7th. Keefe, Bruyette & Woods dropped their price target on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley upped their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company upped their price objective on The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.67.
Get Our Latest Stock Report on The Hartford Insurance Group
About The Hartford Insurance Group
(
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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