Twin Capital Management Inc. Purchases 5,800 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Twin Capital Management Inc. increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 24.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,992 shares of the insurance provider's stock after buying an additional 5,800 shares during the quarter. Twin Capital Management Inc.'s holdings in The Hartford Insurance Group were worth $3,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Park Square Financial Group LLC increased its position in shares of The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock worth $32,000 after acquiring an additional 155 shares in the last quarter. Center for Financial Planning Inc. acquired a new position in The Hartford Insurance Group in the 1st quarter worth $33,000. Spurstone Advisory Services LLC bought a new position in The Hartford Insurance Group during the 4th quarter worth about $33,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at about $37,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of 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 valued at $39,000 after purchasing an additional 198 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on The Hartford Insurance Group from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Morgan Stanley increased their target price 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. UBS Group raised their target price on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted 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 research report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on shares of The Hartford Insurance Group from $134.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Six investment 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. According to data from MarketBeat, The Hartford Insurance Group has an average rating of "Moderate Buy" and an average target price of $133.67.

The Hartford Insurance Group Trading Up 0.4%

Shares of NYSE:HIG opened at $122.84 on Friday. The Hartford Insurance Group, Inc. has a 52-week low of $101.12 and a 52-week high of $132.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $34.90 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The company has a 50-day simple moving average of $126.28 and a 200 day simple moving average of $119.68.

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, beating the consensus estimate of $2.15 by $0.05. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.52 per share. 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 1.69%. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 20.74%.

Insider Buying and Selling

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares of the company's stock, valued at $74,279.24. This trade represents a 63.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

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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