The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,695 shares of the insurance provider's stock after acquiring an additional 2,427 shares during the period. GHP Investment Advisors Inc.'s holdings in The Hartford Insurance Group were worth $7,386,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Spurstone Advisory Services LLC bought a new stake in shares of The Hartford Insurance Group in the 4th quarter worth about $33,000. Center for Financial Planning Inc. bought a new position in The Hartford Insurance Group during the 1st quarter valued at about $33,000. Itau Unibanco Holding S.A. purchased a new stake in The Hartford Insurance Group in the 4th quarter worth about $35,000. Flagship Wealth Advisors LLC bought a new stake in The Hartford Insurance Group in the fourth quarter worth about $36,000. Finally, Curat Global LLC purchased a new position in shares of The Hartford Insurance Group during the first quarter valued at approximately $49,000. 93.42% of the stock is owned by institutional investors.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the sale, the senior vice president now directly owns 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 1,144 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the sale, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. The trade was a 0.54% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Stock Down 0.2%

Shares of HIG traded down $0.19 during trading hours on Friday, hitting $124.55. The company had a trading volume of 3,615,943 shares, compared to its average volume of 1,597,010. 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 company has a market capitalization of $35.38 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.71. The Hartford Insurance Group, Inc. has a one year low of $98.16 and a one year high of $132.09. The company's fifty day moving average price is $126.05 and its two-hundred day moving average price is $118.19.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its 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 business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the previous year, the company posted $2.34 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.67%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HIG. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Piper Sandler lifted their price objective on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Morgan Stanley boosted 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 report on Monday, May 19th. Raymond James Financial raised their target price on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, The Hartford Insurance Group has an average rating of "Moderate Buy" and an average target price of $131.15.

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.