IFM Investors Pty Ltd Buys 5,449 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

IFM Investors Pty Ltd increased its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,040 shares of the insurance provider's stock after acquiring an additional 5,449 shares during the period. IFM Investors Pty Ltd's holdings in The Hartford Insurance Group were worth $9,649,000 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 HIG. Norges Bank bought a new position in shares of The Hartford Insurance Group in the 4th quarter worth $416,340,000. GAMMA Investing LLC increased its holdings in shares of The Hartford Insurance Group by 14,049.5% in the 1st quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock worth $1,761,930,000 after buying an additional 1,413,945 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The Hartford Insurance Group by 48.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock worth $247,761,000 after buying an additional 735,170 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of The Hartford Insurance Group by 11,904.7% in the 4th quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock worth $632,000 after buying an additional 626,304 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of The Hartford Insurance Group in the 4th quarter worth $65,256,000. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Trading Down 1.3%

HIG traded down $1.63 during trading on Monday, hitting $123.36. 1,396,730 shares of the stock traded hands, compared to its average volume of 1,591,011. The firm has a market capitalization of $35.05 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. 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 50-day moving average of $126.95 and a 200 day moving average of $119.01. The Hartford Insurance Group, Inc. has a 12-month low of $99.11 and a 12-month high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.05. The business 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 firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 EPS. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were given a dividend of $0.52 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.08 annualized dividend and a yield of 1.69%. The Hartford Insurance Group's payout ratio is currently 20.74%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the transaction, the senior vice president directly owned 622 shares in the company, valued at approximately $74,279.24. This represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Raymond James Financial upped their price objective on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Wells Fargo & Company cut their price objective on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group cut their price objective on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley upped their price objective on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Six research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.33.

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.