The Hartford Insurance Group, Inc. $HIG Stock Position Lessened by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 36.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,240 shares of the insurance provider’s stock after selling 1,895 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in The Hartford Insurance Group were worth $411,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC boosted its holdings in shares of 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 acquiring an additional 155 shares in the last quarter. Center for Financial Planning Inc. bought a new position in The Hartford Insurance Group during the 1st quarter valued at $33,000. Meeder Asset Management Inc. boosted its stake in The Hartford Insurance Group by 123.8% during the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 161 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in The Hartford Insurance Group during the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC bought a new position in The Hartford Insurance Group during the 2nd quarter valued at $38,000. Institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays decreased their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, July 7th. Wall Street Zen upgraded shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Wolfe Research started coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company raised their target price on shares of The Hartford Insurance Group from $139.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.07.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $128.89 on Friday. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $135.17. The company has a 50-day moving average of $131.46 and a two-hundred day moving average of $126.32. The stock has a market cap of $36.24 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.26 and a beta of 0.69. 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 Hartford Insurance Group (NYSE:HIG) last posted 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 net margin of 11.83% and a return on equity of 19.60%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same quarter last year, the business posted $2.50 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is 18.86%.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction on Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. The trade was a 31.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.