Knights of Columbus Asset Advisors LLC Purchases 4,008 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in The Hartford Insurance Group by 6.1%, owning 70,135 shares valued at approximately $8.68 million.
• Analysts have raised their price targets for The Hartford Insurance Group, with Morgan Stanley setting a new target of $130.00 and UBS raising it to $145.00, while the stock currently has an average rating of "Moderate Buy."
• The Hartford Insurance Group announced a quarterly dividend of $0.52, yielding an annualized dividend of 1.69%, payable on October 2nd.

Knights of Columbus Asset Advisors LLC grew its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,135 shares of the insurance provider's stock after purchasing an additional 4,008 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in The Hartford Insurance Group were worth $8,678,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HIG. Sei Investments Co. lifted its stake in The Hartford Insurance Group by 1.6% in the fourth quarter. Sei Investments Co. now owns 226,848 shares of the insurance provider's stock worth $24,818,000 after acquiring an additional 3,483 shares during the period. Fox Run Management L.L.C. purchased a new stake in The Hartford Insurance Group in the fourth quarter worth $221,000. Congress Wealth Management LLC DE purchased a new stake in The Hartford Insurance Group in the fourth quarter worth $263,000. Financial Engines Advisors L.L.C. lifted its stake in The Hartford Insurance Group by 19.3% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 3,683 shares of the insurance provider's stock worth $403,000 after acquiring an additional 595 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in The Hartford Insurance Group by 7.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 465,691 shares of the insurance provider's stock worth $50,993,000 after acquiring an additional 34,255 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Price Performance

HIG stock traded down $2.08 during midday trading on Monday, hitting $121.27. The company's stock had a trading volume of 1,859,194 shares, compared to its average volume of 1,670,451. The Hartford Insurance Group, Inc. has a 12 month low of $103.96 and a 12 month high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $34.45 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. The company has a 50 day moving average of $125.71 and a two-hundred day moving average of $120.23.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.63. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. On average, analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be paid a $0.52 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.72%. The Hartford Insurance Group's payout ratio is 20.74%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on The Hartford Insurance Group from $134.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley lifted their price objective on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Jefferies Financial Group cut their price target on 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. Barclays cut 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. Finally, Piper Sandler boosted their price target on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, The Hartford Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $133.67.

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.