Insight Wealth Strategies LLC Acquires 2,166 Shares of The Hartford Insurance Group, Inc. $HIG

Insight Wealth Strategies LLC increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,800 shares of the insurance provider’s stock after buying an additional 2,166 shares during the quarter. Insight Wealth Strategies LLC’s holdings in The Hartford Insurance Group were worth $2,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of The Hartford Insurance Group by 1,971.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,993 shares of the insurance provider’s stock worth $633,000 after buying an additional 4,752 shares during the last quarter. First Financial Bank Trust Division lifted its position in shares of The Hartford Insurance Group by 2.3% during the 2nd quarter. First Financial Bank Trust Division now owns 79,568 shares of the insurance provider’s stock worth $10,095,000 after buying an additional 1,783 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of The Hartford Insurance Group during the 1st quarter worth $1,496,000. Swedbank AB lifted its position in shares of The Hartford Insurance Group by 20.8% during the 1st quarter. Swedbank AB now owns 625,679 shares of the insurance provider’s stock worth $77,415,000 after buying an additional 107,934 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in The Hartford Insurance Group by 1.6% in the first quarter. Voya Investment Management LLC now owns 249,602 shares of the insurance provider’s stock valued at $30,883,000 after purchasing an additional 3,919 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $132.52 on Friday. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The firm has a fifty day simple moving average of $127.74 and a 200 day simple moving average of $124.53. The company has a market capitalization of $37.26 billion, a PE ratio of 12.01, a P/E/G ratio of 1.29 and a beta of 0.72. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Monday, July 28th. The insurance provider reported $3.41 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 business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.02 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 18.86%.

Insider Activity at The Hartford Insurance Group

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

Analysts Set New Price Targets

HIG has been the subject of several research reports. Wall Street Zen upgraded The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley increased their target price on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Barclays dropped their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, July 7th. Cantor Fitzgerald initiated coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 target price for the company. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $140.00 target price (up from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

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.