2,110 Shares in The Hartford Insurance Group, Inc. $HIG Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC purchased a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,110 shares of the insurance provider’s stock, valued at approximately $268,000.

Several other hedge funds have also added to or reduced their stakes in HIG. Woodline Partners LP lifted its holdings in The Hartford Insurance Group by 28,218.5% during the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock worth $93,763,000 after purchasing an additional 755,128 shares during the last quarter. Nuveen LLC bought a new position in The Hartford Insurance Group during the 1st quarter worth $87,516,000. Bahl & Gaynor Inc. increased its stake in The Hartford Insurance Group by 47.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock worth $264,972,000 after acquiring an additional 684,390 shares during the period. Amundi increased its stake in The Hartford Insurance Group by 27.4% during the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after acquiring an additional 417,951 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in The Hartford Insurance Group by 38.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock worth $189,427,000 after acquiring an additional 414,216 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

The Hartford Insurance Group Stock Up 0.1%

Shares of HIG opened at $125.05 on Friday. The company has a market capitalization of $35.16 billion, a PE ratio of 11.34, a PEG ratio of 1.21 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The stock’s 50-day moving average price is $131.01 and its two-hundred day moving average price is $126.66. 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) last announced its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping the consensus estimate of $2.83 by $0.58. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.50 EPS. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Piper Sandler lifted their price target on 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. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company lifted their price target on The Hartford Insurance Group from $139.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $140.07.

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.