Illinois Municipal Retirement Fund Sells 2,581 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Illinois Municipal Retirement Fund reduced its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,600 shares of the insurance provider's stock after selling 2,581 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of The Hartford Insurance Group worth $20,242,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Spurstone Advisory Services LLC purchased a new position in The Hartford Insurance Group in the 4th quarter worth $33,000. Center for Financial Planning Inc. purchased a new position in shares of The Hartford Insurance Group in the first quarter worth about $33,000. Itau Unibanco Holding S.A. purchased a new position in shares of The Hartford Insurance Group in the fourth quarter worth about $35,000. Flagship Wealth Advisors LLC bought a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $36,000. Finally, Golden State Wealth Management LLC boosted its holdings in The Hartford Insurance Group by 167.8% during the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 198 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Insurance Group Stock Down 0.2%

HIG traded down $0.19 during trading on Friday, reaching $124.55. The stock had a trading volume of 3,615,943 shares, compared to its average volume of 1,594,595. The Hartford Insurance Group, Inc. has a one year low of $98.16 and a one year high of $132.09. The company has a market capitalization of $35.38 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.20 and a beta of 0.71. 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 stock's 50 day moving average is $126.05 and its two-hundred day moving average is $118.19.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly 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 Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The company had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period last year, the business earned $2.34 EPS. The Hartford Insurance Group's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be issued 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 payout ratio is 20.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group lifted their price target on The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Raymond James Financial upped their price target on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, March 31st. Morgan Stanley raised their price target on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company lowered their price objective on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Barclays lifted their price objective on The Hartford Insurance Group from $140.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Seven investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $131.15.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of The Hartford Insurance Group stock in a transaction on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the completion of the transaction, the senior vice president now owns 622 shares in the company, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction 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 $26,385,250. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

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.