Kentucky Retirement Systems Insurance Trust Fund Sells 7,415 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 46.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,417 shares of the insurance provider's stock after selling 7,415 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in The Hartford Insurance Group were worth $1,041,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased 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 worth $690,000 after acquiring an additional 95 shares in the last quarter. Smithfield Trust Co increased its stake in shares of The Hartford Insurance Group by 26.7% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 100 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of The Hartford Insurance Group by 0.8% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider's stock valued at $1,453,000 after purchasing an additional 105 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of The Hartford Insurance Group by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 2,164 shares of the insurance provider's stock valued at $237,000 after purchasing an additional 108 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of The Hartford Insurance Group by 3.0% in the 4th quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider's stock worth $438,000 after purchasing an additional 117 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 1,144 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 of the company's stock, valued at $26,385,250. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Allison G. Niderno sold 1,086 shares of the 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 directly owns 622 shares of the company's stock, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HIG. Jefferies Financial Group lowered their price objective on The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Morgan Stanley lifted their price target on The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler upped their price target on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, Raymond James Financial lifted their target price on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price of $131.15.

The Hartford Insurance Group Stock Performance

The Hartford Insurance Group stock traded down $0.19 during midday trading on Friday, reaching $124.55. 3,606,119 shares of the company traded hands, compared to its average volume of 1,594,594. The firm has a market capitalization of $35.38 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day moving average of $126.05 and a two-hundred day moving average of $118.19. The Hartford Insurance Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.15 by $0.05. The firm 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 business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 EPS. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

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 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 yield of 1.67%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.

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.