The Hartford Insurance Group, Inc. $HIG Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,830 shares of the insurance provider’s stock after selling 7,975 shares during the period. QRG Capital Management Inc.’s holdings in The Hartford Insurance Group were worth $14,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HIG. Haven Private LLC raised its holdings in The Hartford Insurance Group by 1.1% in the 4th quarter. Haven Private LLC now owns 6,751 shares of the insurance provider’s stock worth $930,000 after purchasing an additional 71 shares during the period. Signal Advisors Wealth LLC lifted its stake in shares of The Hartford Insurance Group by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock worth $240,000 after buying an additional 75 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in shares of The Hartford Insurance Group by 40.3% during the 4th quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 77 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in The Hartford Insurance Group by 0.4% during the fourth quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider’s stock worth $2,432,000 after buying an additional 79 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC boosted its position in shares of The Hartford Insurance Group by 0.7% during the 4th quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock valued at $1,810,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the completion of the transaction, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Trading Down 0.2%

Shares of The Hartford Insurance Group stock opened at $137.52 on Friday. The company has a market capitalization of $37.70 billion, a P/E ratio of 9.66, a PEG ratio of 2.53 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 1 year low of $119.61 and a 1 year high of $144.50. The company’s fifty day moving average is $132.49 and its two-hundred day moving average is $135.45. 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 Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 earnings per share. Analysts forecast that The Hartford Insurance Group, Inc. will post 12.9 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 1st were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. The Hartford Insurance Group’s payout ratio is 16.87%.

Analysts Set New Price Targets

HIG has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Cantor Fitzgerald lowered their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. UBS Group decreased their target price on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 27th. Piper Sandler lowered their price target on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, June 11th. Finally, Barclays lowered their price objective on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, The Hartford Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $147.31.

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.