Knollwood Investment Advisory LLC Has $2.16 Million Stake in The Hartford Insurance Group, Inc. $HIG

Knollwood Investment Advisory LLC lowered its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 31.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,700 shares of the insurance provider’s stock after selling 7,146 shares during the period. Knollwood Investment Advisory LLC’s holdings in The Hartford Insurance Group were worth $2,163,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Entropy Technologies LP acquired a new position in shares of The Hartford Insurance Group in the 4th quarter worth approximately $3,360,000. Aurora Investment Counsel lifted its position in shares of The Hartford Insurance Group by 2.7% in the 4th quarter. Aurora Investment Counsel now owns 19,641 shares of the insurance provider’s stock worth $2,707,000 after purchasing an additional 517 shares during the period. Brown Advisory Inc. lifted its position in shares of The Hartford Insurance Group by 9.0% in the 4th quarter. Brown Advisory Inc. now owns 27,670 shares of the insurance provider’s stock worth $3,813,000 after purchasing an additional 2,288 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of The Hartford Insurance Group by 45.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,560,370 shares of the insurance provider’s stock worth $215,019,000 after purchasing an additional 489,521 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of The Hartford Insurance Group in the 4th quarter worth approximately $1,089,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HIG. Bank of America lifted their price objective on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Barclays lowered their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler lowered their price objective on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday. 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. Finally, Weiss Ratings lowered shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, May 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $147.31.

The Hartford Insurance Group Stock Performance

NYSE:HIG opened at $129.49 on Friday. The company has a fifty day moving average of $134.34 and a 200-day moving average of $135.67. The firm has a market capitalization of $35.50 billion, a P/E ratio of 9.10, a P/E/G ratio of 2.35 and a beta of 0.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group, Inc. has a twelve month low of $119.61 and a twelve month high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The business had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 EPS. As a group, sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 13.05 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s payout ratio is 16.87%.

Insider Buying and Selling

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were 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 in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Company Profile

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.