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

Kentucky Retirement Systems Insurance Trust Fund cut its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 46.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HIG shares. UBS Group increased their price target on 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. JPMorgan Chase & Co. upped their price target on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley upped 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. Barclays lifted their target price on shares of 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. Finally, Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Seven 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.15.

The Hartford Insurance Group Trading Down 0.7%

Shares of The Hartford Insurance Group stock traded down $0.87 during trading on Tuesday, reaching $126.56. 1,409,871 shares of the stock were exchanged, compared to its average volume of 1,580,048. The Hartford Insurance Group, Inc. has a 1 year low of $98.16 and a 1 year high of $132.09. The firm has a market cap of $35.95 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.22 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 stock's fifty day moving average is $125.58 and its 200 day moving average is $118.03.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its 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 firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 EPS. As a group, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be given a $0.52 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.64%. The Hartford Insurance Group's dividend payout ratio is currently 20.74%.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, 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 sale, the senior vice president now directly owns 622 shares in the company, valued at approximately $74,279.24. This trade represents a 63.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the 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 sale, the chief executive officer now directly owns 211,082 shares in the company, valued at $26,385,250. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

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.