Ransom Advisory Ltd Invests $371,000 in The Hartford Insurance Group, Inc. $HIG

Ransom Advisory Ltd bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,000 shares of the insurance provider’s stock, valued at approximately $371,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC boosted its stake in shares of The Hartford Insurance Group by 146.2% in the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock worth $32,000 after buying an additional 155 shares during the last quarter. Spurstone Advisory Services LLC purchased a new position in The Hartford Insurance Group in the fourth quarter valued at approximately $33,000. Center for Financial Planning Inc. purchased a new position in The Hartford Insurance Group in the first quarter valued at approximately $33,000. Meeder Asset Management Inc. lifted its stake in The Hartford Insurance Group by 123.8% in the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 161 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in The Hartford Insurance Group in the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on HIG. Keefe, Bruyette & Woods upped their price objective on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Piper Sandler upped their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 price objective (up previously from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on The Hartford Insurance Group from $138.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, Barclays dropped their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

The Hartford Insurance Group Trading Up 0.2%

The Hartford Insurance Group stock opened at $130.90 on Wednesday. The stock has a market cap of $36.81 billion, a P/E ratio of 11.87, a PEG ratio of 1.26 and a beta of 0.72. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $135.17. The firm’s fifty day moving average price is $127.25 and its 200-day moving average price is $124.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.58. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 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 Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio is presently 18.86%.

Insider Buying and Selling at The Hartford Insurance Group

In related news, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. This represents a 31.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

About The Hartford Insurance Group

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.