Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in The Hartford Insurance Group, Inc. $HIG

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in The Hartford Insurance Group by 17.0%, selling 7,100 shares, leaving it with a total of 34,564 shares valued at approximately $4.27 million.
• Institutional investors own 93.42% of The Hartford's stock, with GAMMA Investing LLC significantly increasing its stake by 14,049.5% in the first quarter, owning 1.4 million shares valued at about $1.76 billion.
• The Hartford Insurance Group's recent earnings report showed $3.41 EPS, exceeding analysts' expectations, while also declaring a quarterly dividend of $0.52 per share with a dividend yield of 1.6%.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 17.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,564 shares of the insurance provider's stock after selling 7,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in The Hartford Insurance Group were worth $4,277,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HIG. NorthRock Partners LLC grew its stake in shares of The Hartford Insurance Group by 2.6% during the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider's stock valued at $395,000 after buying an additional 80 shares during the last quarter. Wayfinding Financial LLC grew its stake in shares of The Hartford Insurance Group by 3.0% during the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock valued at $355,000 after buying an additional 84 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider's stock valued at $356,000 after buying an additional 88 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of The Hartford Insurance Group by 1.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 95 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in shares of The Hartford Insurance Group by 4.1% during the first quarter. HighPoint Advisor Group LLC now owns 2,447 shares of the insurance provider's stock valued at $299,000 after buying an additional 96 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. This represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Stock Up 1.1%

The Hartford Insurance Group stock traded up $1.4880 during mid-day trading on Friday, reaching $134.6880. 293,158 shares of the company were exchanged, compared to its average volume of 1,638,419. The business has a fifty day moving average of $125.46 and a 200 day moving average of $122.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $37.87 billion, a P/E ratio of 12.21, a PEG ratio of 1.30 and a beta of 0.67. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $134.93.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.83 by $0.58. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The Hartford Insurance Group's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. Research analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.5%. The Hartford Insurance Group's dividend payout ratio is currently 18.86%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley upped their target price on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald assumed coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They set an "overweight" rating and a $152.00 target price on the stock. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup assumed coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price target for the company. Finally, Barclays lowered their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.64.

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.