Easterly Investment Partners LLC Sells 7,572 Shares of The Hartford Insurance Group, Inc. $HIG

Easterly Investment Partners LLC reduced its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 52.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,958 shares of the insurance provider’s stock after selling 7,572 shares during the quarter. Easterly Investment Partners LLC’s holdings in The Hartford Insurance Group were worth $883,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of The Hartford Insurance Group by 11.3% in the 1st quarter. Northern Trust Corp now owns 3,936,615 shares of the insurance provider’s stock valued at $487,077,000 after purchasing an additional 398,950 shares during the period. Massachusetts Financial Services Co. MA grew its position in The Hartford Insurance Group by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider’s stock worth $434,181,000 after acquiring an additional 60,116 shares during the last quarter. Bahl & Gaynor Inc. grew its position in The Hartford Insurance Group by 47.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock worth $264,972,000 after acquiring an additional 684,390 shares during the last quarter. Amundi grew its position in The Hartford Insurance Group by 27.4% during the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after acquiring an additional 417,951 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in The Hartford Insurance Group by 31.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 1,600,215 shares of the insurance provider’s stock worth $197,995,000 after acquiring an additional 387,141 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Up 0.3%

NYSE:HIG opened at $124.37 on Friday. The stock’s fifty day moving average price is $131.43 and its two-hundred day moving average price is $126.47. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $135.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.20 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in the prior year, the business earned $2.50 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is 18.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on The Hartford Insurance Group from $139.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Barclays decreased their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. Wolfe Research assumed coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Piper Sandler increased their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Keefe, Bruyette & Woods increased their price target on The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.07.

Insiders Place Their Bets

In other news, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Company Profile

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.