Schroder Investment Management Group Has $103.51 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Schroder Investment Management Group reduced its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 3.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 815,838 shares of the insurance provider’s stock after selling 31,945 shares during the period. Schroder Investment Management Group’s holdings in The Hartford Insurance Group were worth $103,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. LPL Financial LLC grew 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 valued at $26,215,000 after buying an additional 5,295 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of The Hartford Insurance Group during the first quarter worth approximately $1,031,000. Vestcor Inc grew its position in shares of The Hartford Insurance Group by 23.5% in the first quarter. Vestcor Inc now owns 5,951 shares of the insurance provider’s stock valued at $736,000 after purchasing an additional 1,134 shares during the last quarter. NorthRock Partners LLC grew its position in shares of The Hartford Insurance Group by 2.6% in the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 80 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of The Hartford Insurance Group by 4.7% during the first quarter. Natixis Advisors LLC now owns 189,173 shares of the insurance provider’s stock worth $23,406,000 after purchasing an additional 8,567 shares during the period. 93.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HIG. Citigroup began coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price target for the company. Piper Sandler boosted their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada assumed coverage on shares of The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price target on the stock. 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. Finally, 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 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.29.

The Hartford Insurance Group Stock Down 0.3%

NYSE HIG opened at $137.03 on Friday. The business has a fifty day moving average price of $130.30 and a two-hundred day moving average price of $128.64. The stock has a market capitalization of $38.18 billion, a PE ratio of 11.19, a PEG ratio of 1.19 and a beta of 0.69. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $138.64. 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 quarterly earnings results 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The Hartford Insurance Group’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Increases Dividend

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

Insider Transactions at The Hartford Insurance Group

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the sale, the executive vice president directly owned 18,400 shares in the company, valued at $2,252,344. This trade represents a 29.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

About The Hartford Insurance Group

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.