Federated Hermes Inc. Acquires 12,977 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Federated Hermes Inc. raised its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,599 shares of the insurance provider's stock after acquiring an additional 12,977 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of The Hartford Insurance Group worth $34,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of The Hartford Insurance Group by 167.8% during the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after buying an additional 198 shares during the last quarter. Sharp Financial Services LLC acquired a new stake in shares of The Hartford Insurance Group during the 1st quarter valued at $260,000. Oppenheimer & Co. Inc. grew its position in The Hartford Insurance Group by 86.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider's stock worth $533,000 after acquiring an additional 2,000 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in The Hartford Insurance Group in the 1st quarter worth about $233,000. Finally, Aurora Investment Counsel bought a new position in The Hartford Insurance Group in the first quarter valued at about $2,434,000. Institutional investors own 93.42% of the company's stock.

Analysts Set New Price Targets

HIG has been the subject of several recent research reports. UBS Group upped their price objective on The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wells Fargo & Company upped their price target on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday. Jefferies Financial Group cut their price target on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Morgan Stanley boosted their price objective on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday. Six 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. Based on data from MarketBeat, The Hartford Insurance Group currently has an average rating of "Moderate Buy" and a consensus price target of $135.67.

The Hartford Insurance Group Trading Down 1.2%

HIG traded down $1.53 during trading on Friday, hitting $122.86. The company's stock had a trading volume of 1,797,758 shares, compared to its average volume of 1,574,731. The firm has a market capitalization of $34.54 billion, a P/E ratio of 11.14, a PEG ratio of 1.23 and a beta of 0.69. The Hartford Insurance Group, Inc. has a twelve month low of $103.96 and a twelve month high of $132.09. The stock's fifty day moving average price is $125.05 and its 200-day moving average price is $120.61. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The Hartford Insurance Group's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.50 earnings per share. 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 announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. The Hartford Insurance Group's payout ratio is presently 18.86%.

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.