GHP Investment Advisors Inc. increased its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,695 shares of the insurance provider's stock after purchasing an additional 2,427 shares during the quarter. GHP Investment Advisors Inc.'s holdings in The Hartford Insurance Group were worth $7,386,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in The Hartford Insurance Group by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 7,251,389 shares of the insurance provider's stock worth $792,796,000 after purchasing an additional 81,495 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of The Hartford Insurance Group by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 4,701,675 shares of the insurance provider's stock worth $514,363,000 after buying an additional 202,487 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of The Hartford Insurance Group by 6.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,830,462 shares of the insurance provider's stock worth $419,053,000 after acquiring an additional 234,320 shares in the last quarter. Norges Bank bought a new position in shares of The Hartford Insurance Group in the 4th quarter worth about $416,340,000. Finally, Northern Trust Corp lifted its position in 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 acquiring an additional 519,717 shares during the period. Hedge funds and other institutional investors own 93.42% of the company's stock.
The Hartford Insurance Group Stock Performance
NYSE HIG traded down $2.54 during trading hours on Wednesday, hitting $124.04. The company's stock had a trading volume of 1,279,917 shares, compared to its average volume of 1,583,017. The Hartford Insurance Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09. The company's 50 day simple moving average is $125.91 and its two-hundred day simple moving average is $118.13. 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 company has a market cap of $35.24 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.71.
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 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period in the previous year, the business posted $2.34 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.
The Hartford Insurance Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.
Insiders Place Their Bets
In related news, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total value of $143,000.00. Following the transaction, the chief executive officer now owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now owns 622 shares of the company's stock, valued at $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on HIG shares. Barclays raised their target price on shares of The Hartford Insurance Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upped 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. Raymond James Financial lifted their price objective on 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. Jefferies Financial Group dropped their target price on 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. Finally, Wells Fargo & Company cut their target price on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.15.
View Our Latest Stock Report on HIG
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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