Laurel Wealth Advisors LLC Raises Holdings in The Hartford Insurance Group, Inc. $HIG

Laurel Wealth Advisors LLC increased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 12,587.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,579 shares of the insurance provider’s stock after buying an additional 114,668 shares during the period. Laurel Wealth Advisors LLC’s holdings in The Hartford Insurance Group were worth $14,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RiverFront Investment Group LLC raised its position in shares of The Hartford Insurance Group by 37.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 360,645 shares of the insurance provider’s stock worth $45,755,000 after acquiring an additional 98,658 shares in the last quarter. XTX Topco Ltd boosted its position in The Hartford Insurance Group by 90.8% during the second quarter. XTX Topco Ltd now owns 15,894 shares of the insurance provider’s stock valued at $2,016,000 after purchasing an additional 7,563 shares in the last quarter. Aviso Financial Inc. boosted its position in The Hartford Insurance Group by 5.2% during the second quarter. Aviso Financial Inc. now owns 22,366 shares of the insurance provider’s stock valued at $2,838,000 after purchasing an additional 1,107 shares in the last quarter. NDVR Inc. grew its stake in The Hartford Insurance Group by 3.8% in the second quarter. NDVR Inc. now owns 2,952 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 107 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in The Hartford Insurance Group in the second quarter worth about $13,275,000. Institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. This represents a 29.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 is available in the SEC filing. 1.60% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Trading Down 0.0%

Shares of The Hartford Insurance Group stock opened at $137.52 on Thursday. The firm’s 50 day simple moving average is $130.06 and its two-hundred day simple moving average is $128.51. The firm has a market capitalization of $38.32 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.19 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $138.64. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, December 1st. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Tuesday. Cantor Fitzgerald began coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 target price for the company. Royal Bank Of Canada started coverage on shares of The Hartford Insurance Group in a report on Tuesday. They issued a “sector perform” rating and a $145.00 price target on the stock. Finally, Evercore ISI upped their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $143.29.

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.