The Hartford Insurance Group, Inc. (NYSE:HIG) Stake Increased by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,894 shares of the insurance provider's stock after acquiring an additional 11,373 shares during the period. Achmea Investment Management B.V. owned about 0.09% of The Hartford Insurance Group worth $30,301,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in The Hartford Insurance Group during the fourth quarter valued at approximately $416,340,000. GAMMA Investing LLC raised its position in shares of The Hartford Insurance Group by 14,049.5% during the 1st quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock valued at $1,761,930,000 after acquiring an additional 1,413,945 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of The Hartford Insurance Group by 48.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock valued at $247,761,000 after acquiring an additional 735,170 shares in the last quarter. Proficio Capital Partners LLC increased its stake in The Hartford Insurance Group by 11,904.7% during the fourth quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock valued at $632,000 after purchasing an additional 626,304 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Hartford Insurance Group during the fourth quarter worth $65,256,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 1,144 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total value of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at approximately $26,385,250. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Allison G. Niderno sold 1,086 shares of the business's 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 sale, the senior vice president now owns 622 shares of the company's stock, valued at $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

The Hartford Insurance Group Stock Performance

HIG opened at $124.92 on Friday. The business has a fifty day simple moving average of $126.05 and a 200-day simple moving average of $118.19. The firm has a market cap of $35.49 billion, a PE ratio of 12.45, a P/E/G ratio of 1.20 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. 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 posted its quarterly earnings data 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 firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the business posted $2.34 EPS. The company's revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

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

Analysts Set New Price Targets

HIG has been the topic of a number of research reports. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. UBS Group raised their price target on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Barclays boosted 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. Wells Fargo & Company cut their target price on 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. Finally, Keefe, Bruyette & Woods decreased their price target on The Hartford Insurance Group from $140.00 to $133.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Seven 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $131.15.

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.

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