The Hartford Insurance Group, Inc. $HIG Shares Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs raised its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,850 shares of the insurance provider’s stock after buying an additional 331 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in The Hartford Insurance Group were worth $1,503,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of The Hartford Insurance Group by 167.8% during the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 198 shares in the last quarter. Sharp Financial Services LLC purchased a new stake in shares of The Hartford Insurance Group during the first quarter valued at $260,000. Oppenheimer & Co. Inc. boosted its position in shares of The Hartford Insurance Group by 86.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider’s stock valued at $533,000 after purchasing an additional 2,000 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of The Hartford Insurance Group in the 1st quarter valued at $233,000. Finally, Aurora Investment Counsel purchased a new position in The Hartford Insurance Group in the 1st quarter worth about $2,434,000. Institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HIG. Keefe, Bruyette & Woods raised their target price on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Wells Fargo & Company upped their price target on shares of The Hartford Insurance Group from $139.00 to $147.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Saturday. Finally, Wall Street Zen raised The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.07.

The Hartford Insurance Group Trading Down 0.2%

NYSE:HIG opened at $125.03 on Friday. The company has a market capitalization of $35.15 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69. The stock’s 50 day moving average price is $130.90 and its 200 day moving average price is $126.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last posted 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 company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 earnings per share. On average, research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Insider Buying and Selling at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,340 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 77,574 shares in the company, valued at approximately $9,580,389. This represents a 31.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction dated Friday, September 5th. The shares were 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. Corporate 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.