Bank Julius Baer & Co. Ltd Zurich Increases Stake in The Hartford Insurance Group, Inc. (NYSE:HIG)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 93.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,614 shares of the insurance provider's stock after buying an additional 2,707 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in The Hartford Insurance Group were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in The Hartford Insurance Group by 12.9% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 306,925 shares of the insurance provider's stock worth $37,976,000 after purchasing an additional 34,997 shares in the last quarter. Guidance Capital Inc. boosted its stake in The Hartford Insurance Group by 4.7% in the 1st quarter. Guidance Capital Inc. now owns 9,664 shares of the insurance provider's stock worth $1,214,000 after purchasing an additional 430 shares in the last quarter. Ignite Planners LLC boosted its stake in The Hartford Insurance Group by 12.0% in the 1st quarter. Ignite Planners LLC now owns 2,470 shares of the insurance provider's stock worth $301,000 after purchasing an additional 264 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in The Hartford Insurance Group by 4.1% in the 1st quarter. HighPoint Advisor Group LLC now owns 2,447 shares of the insurance provider's stock worth $299,000 after purchasing an additional 96 shares in the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in The Hartford Insurance Group during the 1st quarter valued at about $212,000. Institutional investors own 93.42% of the company's stock.

The Hartford Insurance Group Stock Performance

The Hartford Insurance Group stock traded down $1.62 during midday trading on Monday, hitting $121.73. The stock had a trading volume of 369,717 shares, compared to its average volume of 1,659,246. The firm's fifty day moving average is $125.71 and its two-hundred day moving average is $120.23. The company has a market capitalization of $34.58 billion, a PE ratio of 12.14, a P/E/G ratio of 1.29 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 52-week low of $103.96 and a 52-week high of $132.09. 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 Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.05. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 EPS. On average, research analysts forecast 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 issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio is 20.74%.

Analyst Ratings Changes

Several research firms have issued reports on HIG. Raymond James Financial upped their target price 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. Piper Sandler upped their target price on shares of 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. Jefferies Financial Group lowered their target price on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. UBS Group upped their target price on shares of 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. Finally, Barclays reduced their price target on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $133.67.

About The Hartford Insurance Group

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.