TKG Advisors LLC Boosts Stock Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

TKG Advisors LLC lifted its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,287 shares of the insurance provider's stock after purchasing an additional 2,272 shares during the period. The Hartford Insurance Group comprises about 2.7% of TKG Advisors LLC's investment portfolio, making the stock its 8th biggest holding. TKG Advisors LLC's holdings in The Hartford Insurance Group were worth $5,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HIG. Center for Financial Planning Inc. bought a new position in The Hartford Insurance Group during the 1st quarter worth approximately $33,000. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter valued at approximately $33,000. Smallwood Wealth Investment Management LLC bought a new position in The Hartford Insurance Group during the first quarter worth $37,000. Golden State Wealth Management LLC boosted its holdings in The Hartford Insurance Group by 167.8% in the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after purchasing an additional 198 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in The Hartford Insurance Group in the fourth quarter worth $35,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the business's stock in a transaction dated 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 directly owned 622 shares in the company, valued at approximately $74,279.24. The trade was a 63.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

The Hartford Insurance Group Stock Performance

HIG stock traded up $1.81 on Friday, reaching $124.71. The company's stock had a trading volume of 937,213 shares, compared to its average volume of 1,589,296. The Hartford Insurance Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09. 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 company has a market capitalization of $35.43 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The firm has a fifty day moving average of $126.78 and a two-hundred day moving average of $118.64.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.05. The company 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 firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 EPS. As a group, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HIG. UBS Group raised their price target on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Piper Sandler increased their price objective 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. Barclays lifted their target price on The Hartford Insurance Group from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wells Fargo & Company dropped their price target on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley raised their price target on 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. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

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.