International Assets Investment Management LLC Decreases Holdings in The Hartford Insurance Group, Inc. $HIG

International Assets Investment Management LLC lessened its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 13.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,972 shares of the insurance provider’s stock after selling 794 shares during the period. International Assets Investment Management LLC’s holdings in The Hartford Insurance Group were worth $631,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HIG. GAMMA Investing LLC increased its holdings in The Hartford Insurance Group by 14.4% during the first quarter. GAMMA Investing LLC now owns 11,509 shares of the insurance provider’s stock worth $1,424,000 after buying an additional 1,445 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in The Hartford Insurance Group during the first quarter worth about $586,000. Oppenheimer & Co. Inc. boosted its position in The Hartford Insurance Group by 86.7% during the first quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 2,000 shares during the period. GHP Investment Advisors Inc. boosted its position in The Hartford Insurance Group by 4.2% during the first quarter. GHP Investment Advisors Inc. now owns 59,695 shares of the insurance provider’s stock worth $7,386,000 after purchasing an additional 2,427 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in The Hartford Insurance Group by 5.4% during the first quarter. Asset Management One Co. Ltd. now owns 151,775 shares of the insurance provider’s stock worth $18,779,000 after purchasing an additional 7,765 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 target price for the company. Evercore ISI increased their target price on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Barclays cut their target price on shares of 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. Finally, Morgan Stanley increased their target price on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.07.

The Hartford Insurance Group Price Performance

HIG stock opened at $125.04 on Wednesday. The firm has a 50 day moving average of $131.26 and a 200-day moving average of $126.56. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The firm has a market capitalization of $35.16 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 1.20 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the business earned $2.50 earnings per share. The Hartford Insurance Group’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group 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.