The Hartford Insurance Group, Inc. (NYSE:HIG) Stock Position Lowered by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its position in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,695 shares of the insurance provider's stock after selling 3,059 shares during the quarter. Thoroughbred Financial Services LLC's holdings in The Hartford Insurance Group were worth $1,199,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HIG. Wedbush Securities Inc. lifted its position in shares of The Hartford Insurance Group by 27.4% in the 4th quarter. Wedbush Securities Inc. now owns 7,732 shares of the insurance provider's stock valued at $846,000 after acquiring an additional 1,664 shares in the last quarter. Quadrant Capital Group LLC lifted its position in 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 buying an additional 117 shares in the last quarter. Federated Hermes Inc. lifted its position in The Hartford Insurance Group by 9.4% in the 4th quarter. Federated Hermes Inc. now owns 266,622 shares of the insurance provider's stock worth $29,168,000 after buying an additional 22,983 shares in the last quarter. Trek Financial LLC purchased a new stake in The Hartford Insurance Group in the 4th quarter worth approximately $293,000. Finally, Cerity Partners LLC lifted its position in The Hartford Insurance Group by 4.9% in the 4th quarter. Cerity Partners LLC now owns 70,747 shares of the insurance provider's stock worth $7,829,000 after buying an additional 3,302 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company's stock.

Insider Activity

In other news, CFO Beth Ann Costello sold 35,340 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the transaction, the chief financial officer owned 77,574 shares in the company, valued at approximately $9,580,389. The trade was a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

The Hartford Insurance Group Stock Performance

NYSE:HIG opened at $127.54 on Wednesday. The Hartford Insurance Group, Inc. has a 1 year low of $104.67 and a 1 year high of $132.09. The firm's fifty day simple moving average is $124.93 and its 200 day simple moving average is $120.87. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $35.86 billion, a PE ratio of 11.56, a PEG ratio of 1.24 and a beta of 0.67.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The business's revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The Hartford Insurance Group's payout ratio is presently 18.86%.

Analyst Ratings Changes

A number of research firms have issued reports on HIG. Barclays cut their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. Jefferies Financial Group cut their target price on shares of The Hartford Insurance Group from $118.00 to $117.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company increased their target price on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 target price (up previously from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. Finally, UBS Group raised their price target on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company a "buy" rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $136.42.

The Hartford Insurance Group 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.

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