The Hartford Insurance Group (NYSE:HIG) EVP Sells $284,339.88 in Stock

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 stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

The Hartford Insurance Group Stock Down 0.5%

NYSE HIG traded down $0.70 on Friday, hitting $132.52. 1,127,441 shares of the company were exchanged, compared to its average volume of 1,341,102. The company has a market cap of $37.26 billion, a PE ratio of 12.01, a PEG ratio of 1.29 and a beta of 0.72. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The stock has a fifty day moving average of $127.74 and a 200-day moving average of $124.47. 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 issued its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. The Hartford Insurance Group's revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

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

Wall Street Analyst Weigh In

HIG has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of 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. Piper Sandler raised their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Morgan Stanley raised their price objective on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Citigroup assumed coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $138.00 price objective on the stock. Finally, Wells Fargo & Company raised their price target on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Institutional Trading of The Hartford Insurance Group

Large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC increased its holdings in The Hartford Insurance Group by 167.8% during the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider's stock worth $39,000 after buying an additional 198 shares during the last quarter. Sharp Financial Services LLC purchased a new position in shares of The Hartford Insurance Group in the first quarter worth about $260,000. Oppenheimer & Co. Inc. increased its stake in shares of The Hartford Insurance Group by 86.7% in the first quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider's stock worth $533,000 after purchasing an additional 2,000 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of The Hartford Insurance Group in the first quarter worth about $233,000. Finally, Aurora Investment Counsel purchased a new position in shares of The Hartford Insurance Group in the first quarter worth about $2,434,000. Hedge funds and other institutional investors own 93.42% of the company's stock.

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.