Philadelphia Financial Management of San Francisco LLC Acquires Shares of 118,700 The Hartford Insurance Group, Inc. $HIG

Philadelphia Financial Management of San Francisco LLC bought a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the second quarter, Holdings Channel.com reports. The firm bought 118,700 shares of the insurance provider’s stock, valued at approximately $15,730,124,000. The Hartford Insurance Group accounts for 3.2% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Haven Private LLC lifted its stake in shares of The Hartford Insurance Group by 1.1% during the 4th quarter. Haven Private LLC now owns 6,751 shares of the insurance provider’s stock valued at $930,000 after buying an additional 71 shares in the last quarter. GW&K Investment Management LLC raised its holdings in The Hartford Insurance Group by 40.3% during the 4th quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 77 shares during the period. Kestra Advisory Services LLC lifted its position in shares of The Hartford Insurance Group by 0.4% during the fourth quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider’s stock worth $2,432,000 after acquiring an additional 79 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of The Hartford Insurance Group by 3.8% in the first quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider’s stock worth $305,000 after acquiring an additional 82 shares during the period. Finally, Castlekeep Investment Advisors LLC boosted its holdings in shares of The Hartford Insurance Group by 0.7% in the fourth quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock worth $1,810,000 after acquiring an additional 86 shares during the period. Institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HIG. Wells Fargo & Company cut their target price on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Monday, July 27th. Zacks Research lowered shares of The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of The Hartford Insurance Group in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Hold” and an average price target of $149.67.

The Hartford Insurance Group Trading Up 1.3%

Shares of The Hartford Insurance Group stock opened at $139.95 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The firm has a market cap of $37.91 billion, a PE ratio of 9.05, a PEG ratio of 3.40 and a beta of 0.46. The company has a 50 day simple moving average of $138.10 and a two-hundred day simple moving average of $136.60.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.41 EPS. Analysts expect that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s payout ratio is 15.51%.

The Hartford Insurance Group 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.