Wealth Enhancement Advisory Services LLC Sells 23,728 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 23.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,906 shares of the insurance provider's stock after selling 23,728 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in The Hartford Insurance Group were worth $9,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HIG. Norges Bank acquired a new stake in The Hartford Insurance Group in the fourth quarter valued at $416,340,000. GAMMA Investing LLC raised its holdings in shares of The Hartford Insurance Group by 14,049.5% in the 1st quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock valued at $1,761,930,000 after purchasing an additional 1,413,945 shares during the period. Ameriprise Financial Inc. lifted its stake in The Hartford Insurance Group by 48.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,264,397 shares of the insurance provider's stock valued at $247,761,000 after purchasing an additional 735,170 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in The Hartford Insurance Group by 11,904.7% in the 4th quarter. Proficio Capital Partners LLC now owns 631,565 shares of the insurance provider's stock valued at $632,000 after purchasing an additional 626,304 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in The Hartford Insurance Group during the fourth quarter worth about $65,256,000. Institutional investors own 93.42% of the company's stock.

Insider Buying and Selling

In related 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 value of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares of the company's stock, valued at $26,385,250. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Allison G. Niderno sold 1,086 shares of the firm's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total value of $129,690.12. Following the completion of the sale, the senior vice president now directly owns 622 shares in the company, valued at approximately $74,279.24. This represents a 63.58% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG traded down $0.19 on Friday, reaching $124.55. 3,606,119 shares of the company's stock were exchanged, compared to its average volume of 1,594,556. The Hartford Insurance Group, Inc. has a twelve month low of $98.16 and a twelve month high of $132.09. The company has a fifty day moving average of $126.05 and a 200-day moving average of $118.19. The company has a market capitalization of $35.38 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.20 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued 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 Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the business posted $2.34 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, June 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is currently 20.74%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HIG. Wells Fargo & Company dropped their price objective on The Hartford Insurance Group from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Raymond James Financial increased their price target on The Hartford Insurance Group from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, March 31st. Jefferies Financial Group reduced their price objective 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. Wall Street Zen upgraded shares of The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, UBS Group raised their target price on shares of The Hartford Insurance Group from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Seven equities research 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 stock. According to MarketBeat.com, The Hartford Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $131.15.

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.