The Hartford Insurance Group (NYSE:HIG) EVP Donald Christian Hunt Sells 2,124 Shares

Key Points

• Donald Christian Hunt, EVP of The Hartford Insurance Group, sold 2,124 shares at an average price of $133.87, totaling approximately $284,340.
• The Hartford reported earnings of $3.41 per share for the last quarter, exceeding analysts' estimates, although revenue fell slightly short of expectations at $6.99 billion.
• The company announced a quarterly dividend of $0.52, with a yield of 1.6%, payable on October 2nd to shareholders of record as of September 2nd.

The Hartford Insurance Group, Inc. (NYSE:HIG - Get Free Report) EVP Donald Christian Hunt sold 2,124 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Hartford Insurance Group Price Performance

NYSE HIG traded down $0.95 on Monday, reaching $130.72. The company's stock had a trading volume of 1,262,432 shares, compared to its average volume of 1,628,677. The firm has a market cap of $36.76 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 1.27 and a beta of 0.72. The business has a 50-day moving average price of $127.08 and a 200 day moving average price of $123.99. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $135.17. 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 Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.58. The business had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. Sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be given a $0.52 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The Hartford Insurance Group's payout ratio is 18.86%.

Institutional Investors Weigh In On The Hartford Insurance Group

Several large investors have recently bought and sold shares of HIG. Norges Bank bought a new stake in The Hartford Insurance Group in the second quarter valued at approximately $506,329,000. GAMMA Investing LLC increased its position in shares of The Hartford Insurance Group by 14,049.5% during the first quarter. GAMMA Investing LLC now owns 1,424,009 shares of the insurance provider's stock worth $1,761,930,000 after acquiring an additional 1,413,945 shares in the last quarter. Franklin Resources Inc. increased its position in shares of The Hartford Insurance Group by 51.5% during the second quarter. Franklin Resources Inc. now owns 3,268,166 shares of the insurance provider's stock worth $414,632,000 after acquiring an additional 1,111,659 shares in the last quarter. Woodline Partners LP increased its position in shares of The Hartford Insurance Group by 28,218.5% during the first quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider's stock worth $93,763,000 after acquiring an additional 755,128 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of The Hartford Insurance Group during the first quarter worth $87,516,000. Institutional investors own 93.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of The Hartford Insurance Group from a "buy" rating to a "hold" rating in a research report on Friday. Citigroup assumed coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price target on the stock. Barclays reduced their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They set an "overweight" rating and a $152.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, The Hartford Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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.

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