Bank Julius Baer & Co. Ltd Zurich Reduces Holdings in The Hartford Insurance Group, Inc. $HIG

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 20.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,667 shares of the insurance provider’s stock after selling 9,681 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in The Hartford Insurance Group were worth $5,361,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its position 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 in the last quarter. JPL Wealth Management LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter valued at $26,000. United Financial Planning Group LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter valued at $29,000. Sunbelt Securities Inc. purchased a new stake in The Hartford Insurance Group in the 3rd quarter valued at $29,000. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in The Hartford Insurance Group by 144.8% in 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 in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Lori A. Rodden sold 40,693 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the transaction, the executive vice president directly owned 25,392 shares in the company, valued at $3,505,365.60. This trade represents a 61.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

HIG has been the topic of several recent analyst reports. Wells Fargo & Company upped their price target on The Hartford Insurance Group from $156.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Barclays decreased their price target on The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. Cantor Fitzgerald decreased their price target on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Roth Mkm upped their price target on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, UBS Group decreased their price target on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.31.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock opened at $134.02 on Friday. The Hartford Insurance Group, Inc. has a 52 week low of $119.61 and a 52 week high of $144.50. The business’s fifty day simple moving average is $135.86 and its 200-day simple moving average is $135.41. The firm has a market cap of $36.74 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm had revenue of $14.45 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company posted $2.20 EPS. The Hartford Insurance Group’s revenue was up 6.1% on a year-over-year basis. Equities analysts forecast that The Hartford Insurance Group, Inc. will post 13.17 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

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

The Hartford Insurance Group Company Profile

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.