Stonegate Investment Group LLC Has $610,000 Stock Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Stonegate Investment Group LLC raised its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 24.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,930 shares of the insurance provider’s stock after purchasing an additional 958 shares during the period. Stonegate Investment Group LLC’s holdings in The Hartford Insurance Group were worth $610,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Spurstone Advisory Services LLC acquired a new position in The Hartford Insurance Group during the fourth quarter valued at approximately $33,000. Itau Unibanco Holding S.A. acquired a new position in shares of The Hartford Insurance Group during the fourth quarter worth $35,000. Flagship Wealth Advisors LLC acquired a new position in shares of The Hartford Insurance Group during the fourth quarter worth $36,000. Curat Global LLC acquired a new position in shares of The Hartford Insurance Group during the first quarter worth $49,000. Finally, Smithfield Trust Co increased its holdings in shares of The Hartford Insurance Group by 26.7% during the fourth quarter. Smithfield Trust Co now owns 475 shares of the insurance provider’s stock worth $51,000 after buying an additional 100 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Raymond James Financial upped their price target on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, March 31st. Wells Fargo & Company lowered their price target on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Morgan Stanley upped their price target on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Finally, Jefferies Financial Group decreased their price objective on The Hartford Insurance Group from $118.00 to $117.00 and set a “hold” rating for the company in a report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.15.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $126.06 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $35.81 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.71. The firm’s fifty day simple moving average is $125.38 and its two-hundred day simple moving average is $117.99. The Hartford Insurance Group, Inc. has a 12 month low of $98.16 and a 12 month high of $132.09.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.05. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.65%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 20.74%.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president now owns 622 shares of the company’s stock, valued at approximately $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Swift sold 1,144 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $125.00, for a total transaction of $143,000.00. Following the transaction, the chief executive officer now directly owns 211,082 shares in the company, valued at $26,385,250. This trade represents a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.