The Hartford Insurance Group, Inc. $HIG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,800 shares of the insurance provider’s stock after selling 4,817 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of The Hartford Insurance Group worth $22,296,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. JPL Wealth Management LLC bought a new stake in shares of The Hartford Insurance Group in the 3rd quarter worth about $26,000. Cornerstone Planning Group LLC raised its holdings in shares of The Hartford Insurance Group by 707.7% during the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 184 shares during the period. Sunbelt Securities Inc. bought a new position in shares of The Hartford Insurance Group in the 3rd quarter worth about $29,000. United Financial Planning Group LLC bought a new stake in shares of The Hartford Insurance Group during the 3rd quarter valued at about $29,000. Finally, Barnes Dennig Private Wealth Management LLC grew its position in shares of The Hartford Insurance Group by 144.8% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Up 0.1%

HIG opened at $136.76 on Friday. The Hartford Insurance Group, Inc. has a one year low of $119.61 and a one year high of $144.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average is $137.31 and its 200-day moving average is $134.90. The company has a market capitalization of $37.49 billion, a PE ratio of 9.61, a P/E/G ratio of 2.45 and a beta of 0.53.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing the consensus estimate of $3.39 by ($0.30). The firm had revenue of $14.45 billion for the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 EPS. On average, equities analysts predict that The Hartford Insurance Group, Inc. will post 13.21 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd were given a dividend of $0.60 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 16.87%.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research reports. Wells Fargo & Company increased their price target on The Hartford Insurance Group from $156.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. raised their price target on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Mizuho lifted their price target on The Hartford Insurance Group from $158.00 to $159.00 and gave the company an “outperform” rating in a report on Tuesday. Morgan Stanley increased their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Barclays lowered their target price on The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.31.

Insider Activity

In related news, EVP Lori A. Rodden sold 40,693 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the sale, the executive vice president directly owned 25,392 shares in the company, valued at approximately $3,505,365.60. This trade represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the completion of the transaction, the chief executive officer owned 194,817 shares in the company, valued at approximately $26,574,986.97. This trade represents a 50.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 349,282 shares of company stock valued at $48,184,324. Insiders own 1.30% of the company’s stock.

About The Hartford Insurance Group

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.