Forsta AP Fonden Boosts Holdings in The Hartford Insurance Group, Inc. $HIG

Forsta AP Fonden lifted its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 30.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 154,900 shares of the insurance provider’s stock after acquiring an additional 36,100 shares during the quarter. Forsta AP Fonden’s holdings in The Hartford Insurance Group were worth $19,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC boosted its position in The Hartford Insurance Group by 2.6% during the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after buying an additional 80 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of The Hartford Insurance Group by 3.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock worth $303,000 after buying an additional 85 shares during the period. Fidelis Capital Partners LLC boosted its holdings in The Hartford Insurance Group by 4.4% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock valued at $262,000 after acquiring an additional 86 shares during the period. Wealthspire Advisors LLC grew its position in The Hartford Insurance Group by 3.2% during the 1st quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after acquiring an additional 88 shares during the last quarter. Finally, BayBridge Capital Group LLC lifted its position in The Hartford Insurance Group by 2.4% in the second quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock valued at $479,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Insurance Group

In other news, EVP Donald Christian Hunt sold 2,124 shares of the business’s 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the transaction, the executive vice president owned 18,400 shares of the company’s stock, valued at approximately $2,252,344. The trade was a 29.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HIG. Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Raymond James Financial restated an “outperform” rating and issued a $140.00 price objective (up previously from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. UBS Group upped their price objective on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Piper Sandler raised their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Wolfe Research assumed coverage on The Hartford Insurance Group in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.14.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $132.63 on Thursday. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $135.17. The stock has a market capitalization of $36.96 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.19 and a beta of 0.69. The company’s 50-day moving average is $129.44 and its 200 day moving average is $127.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 1st. The Hartford Insurance Group’s dividend payout ratio is currently 19.61%.

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.