XTX Topco Ltd Makes New Investment in The Hartford Insurance Group, Inc. (NYSE:HIG)

Key Points

• XTX Topco Ltd has acquired a new stake in The Hartford Insurance Group, purchasing 8,331 shares valued at approximately $1,031,000.
• Institutional investors collectively own 93.42% of The Hartford's stock, with Park Square Financial Group increasing its position by 146.2% during the first quarter.
• The Hartford Insurance Group reported a quarterly earnings per share (EPS) of $3.41, exceeding analysts' estimates of $2.83, showcasing a strong year-over-year revenue growth of 7.7%.

XTX Topco Ltd purchased a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,331 shares of the insurance provider's stock, valued at approximately $1,031,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HIG. Park Square Financial Group LLC raised its position in The Hartford Insurance Group by 146.2% in the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 155 shares during the period. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter worth about $33,000. Center for Financial Planning Inc. purchased a new stake in The Hartford Insurance Group in the 1st quarter valued at about $33,000. Itau Unibanco Holding S.A. acquired a new position in The Hartford Insurance Group in the fourth quarter valued at about $35,000. Finally, Meeder Asset Management Inc. boosted its stake in The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider's stock worth $36,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 93.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HIG. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Wall Street Zen raised The Hartford Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group raised their price target on The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company lifted their price objective on The Hartford Insurance Group from $138.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Barclays decreased their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research note on Monday, July 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.67.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $122.86 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $34.54 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.67. The stock's 50-day moving average is $125.05 and its two-hundred day moving average is $120.67. The Hartford Insurance Group, Inc. has a 1-year low of $103.96 and a 1-year high of $132.09.

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

The Hartford Insurance Group Announces Dividend

The company 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 $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 18.86%.

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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