Janney Montgomery Scott LLC Has $16.73 Million Stock Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

Janney Montgomery Scott LLC lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,206 shares of the insurance provider's stock after selling 3,854 shares during the quarter. Janney Montgomery Scott LLC's holdings in The Hartford Insurance Group were worth $16,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HIG. Mission Wealth Management LP raised its position in shares of The Hartford Insurance Group by 4.5% during the first quarter. Mission Wealth Management LP now owns 8,566 shares of the insurance provider's stock worth $1,060,000 after acquiring an additional 368 shares during the last quarter. CHB Investment Group LLC raised its holdings in The Hartford Insurance Group by 0.5% during the 1st quarter. CHB Investment Group LLC now owns 26,483 shares of the insurance provider's stock worth $3,277,000 after purchasing an additional 140 shares during the last quarter. Ritholtz Wealth Management lifted its position in The Hartford Insurance Group by 2.7% during the 1st quarter. Ritholtz Wealth Management now owns 67,631 shares of the insurance provider's stock valued at $8,368,000 after purchasing an additional 1,785 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of The Hartford Insurance Group by 1.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock valued at $690,000 after purchasing an additional 95 shares during the last quarter. Finally, Griffin Asset Management Inc. grew its position in shares of The Hartford Insurance Group by 114.9% during the 1st quarter. Griffin Asset Management Inc. now owns 15,385 shares of the insurance provider's stock worth $1,904,000 after buying an additional 8,225 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

The Hartford Insurance Group Stock Up 0.9%

Shares of NYSE HIG traded up $1.16 during midday trading on Friday, reaching $126.06. The company's stock had a trading volume of 2,967,242 shares, compared to its average volume of 1,588,448. The stock has a 50 day simple moving average of $125.18 and a 200-day simple moving average of $117.98. 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 has a market capitalization of $35.81 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.21 and a beta of 0.71. The Hartford Insurance Group, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $132.09.

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 for the quarter, beating 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 quarter last year, the firm earned $2.34 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 dividend yield of 1.65%. The ex-dividend date is Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HIG shares. Wells Fargo & Company reduced their price objective on shares of 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. Barclays raised their price target 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. Piper Sandler upped their price objective on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Jefferies Financial Group reduced 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, JPMorgan Chase & Co. boosted their target price on The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Seven research 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.15.

Insider Buying and Selling

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company's stock in a transaction 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 directly owns 622 shares of the company's stock, valued at approximately $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $143,000.00. Following the transaction, the chief executive officer now owns 211,082 shares in the company, valued at $26,385,250. This represents a 0.54% 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 corporate insiders.

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.