S Bank Fund Management Ltd Has $530,000 Holdings in The Hartford Insurance Group, Inc. $HIG

S Bank Fund Management Ltd cut its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.2% in the second quarter, Holdings Channel reports. The institutional investor owned 4,179 shares of the insurance provider’s stock after selling 325 shares during the quarter. S Bank Fund Management Ltd’s holdings in The Hartford Insurance Group were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. NorthRock Partners LLC raised its stake in The Hartford Insurance Group by 2.6% during the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock worth $395,000 after acquiring an additional 80 shares in the last quarter. Wayfinding Financial LLC raised its stake in The Hartford Insurance Group by 3.0% during the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 84 shares in the last quarter. Wealthspire Advisors LLC raised its stake in The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after acquiring an additional 88 shares in the last quarter. BayBridge Capital Group LLC raised its stake in The Hartford Insurance Group by 2.4% during the second quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock worth $479,000 after acquiring an additional 89 shares in the last quarter. Finally, GSB Wealth Management LLC raised its stake in The Hartford Insurance Group by 2.4% during the second quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider’s stock worth $488,000 after acquiring an additional 90 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the transaction, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. This represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $123.86 on Friday. The business’s 50-day simple moving average is $131.51 and its 200 day simple moving average is $126.47. The stock has a market cap of $34.83 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.24 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 $135.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.50 earnings per share. As a group, research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd were issued a $0.52 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 18.86%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on The Hartford Insurance Group from $139.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Evercore ISI increased their target price on The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Citigroup assumed coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $138.00 target price on the stock. Finally, Barclays decreased their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $140.07.

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.