6,842 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,842 shares of the insurance provider’s stock, valued at approximately $911,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Pacific Financial acquired a new stake in shares of The Hartford Insurance Group during the first quarter worth approximately $26,000. MidFirst Bank acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth approximately $26,000. Navigoe LLC purchased a new stake in The Hartford Insurance Group in the 2nd quarter worth approximately $27,000. Finally, Phillip James Consulting Co. acquired a new stake in shares of The Hartford Insurance Group during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insiders Place Their Bets

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the company’s 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 sale, the president owned 38,208 shares of the company’s stock, valued at $5,163,047.04. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Stock Up 0.1%

HIG stock opened at $136.30 on Monday. The firm has a market cap of $36.92 billion, a PE ratio of 8.81, a PEG ratio of 3.34 and a beta of 0.46. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The company has a fifty day simple moving average of $137.56 and a 200 day simple moving average of $136.63. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping the consensus estimate of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.41 earnings per share. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 15.51%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HIG. Zacks Research downgraded shares of The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. UBS Group reduced their price objective on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Piper Sandler restated a “neutral” rating and issued a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company cut their price target on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $149.67.

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.