F m Investments LLC Cuts Stake in The Hartford Insurance Group, Inc. $HIG

F m Investments LLC lessened its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 13.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,239 shares of the insurance provider’s stock after selling 11,412 shares during the period. F m Investments LLC’s holdings in The Hartford Insurance Group were worth $9,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC lifted its stake in shares of The Hartford Insurance Group by 19.7% during the first quarter. AE Wealth Management LLC now owns 2,403 shares of the insurance provider’s stock worth $297,000 after buying an additional 396 shares during the period. Cetera Investment Advisers raised its stake in The Hartford Insurance Group by 13.4% in the 1st quarter. Cetera Investment Advisers now owns 62,049 shares of the insurance provider’s stock worth $7,677,000 after acquiring an additional 7,314 shares during the last quarter. LPL Financial LLC raised its stake in The Hartford Insurance Group by 2.6% in the 1st quarter. LPL Financial LLC now owns 211,874 shares of the insurance provider’s stock worth $26,215,000 after acquiring an additional 5,295 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in The Hartford Insurance Group by 19.5% during the 1st quarter. Meeder Advisory Services Inc. now owns 6,149 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of The Hartford Insurance Group by 123.8% in the first 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 during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HIG shares. Keefe, Bruyette & Woods lifted their target price on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Piper Sandler raised their price objective on shares of 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. Royal Bank Of Canada assumed coverage on shares of The Hartford Insurance Group in a report on Tuesday. They set a “sector perform” rating and a $145.00 target price for the company. Cantor Fitzgerald started coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price target on the stock. Finally, Wolfe Research began coverage on shares of The Hartford Insurance Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.29.

The Hartford Insurance Group Stock Down 0.0%

NYSE HIG opened at $137.52 on Friday. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $138.64. The company has a market cap of $38.32 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32. The business has a fifty day moving average price of $130.18 and a 200 day moving average price of $128.58.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 EPS 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 $1.05 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter last year, the business posted $2.53 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s payout ratio is 19.61%.

Insider Activity at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction on 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 directly owned 18,400 shares in the company, valued at approximately $2,252,344. This represents a 29.88% decrease in their position. The transaction was disclosed in a document filed 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 stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The SEC filing for this sale provides additional information. 1.60% of the stock is currently owned by insiders.

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.