The Hartford Insurance Group, Inc. $HIG Position Lowered by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC decreased its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,410 shares of the insurance provider’s stock after selling 5,100 shares during the period. The Hartford Insurance Group comprises about 1.3% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Sustainable Insight Capital Management LLC’s holdings in The Hartford Insurance Group were worth $3,777,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HIG. JPL Wealth Management LLC bought a new position in shares of The Hartford Insurance Group during the third quarter worth about $26,000. United Financial Planning Group LLC bought a new position in shares of The Hartford Insurance Group during the third quarter worth about $29,000. Sunbelt Securities Inc. bought a new position in shares of The Hartford Insurance Group during the third quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of The Hartford Insurance Group by 144.8% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 152 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of The Hartford Insurance Group by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the sale, the president owned 38,208 shares in the company, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, May 27th. Piper Sandler dropped their price objective on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating on the stock in a research note on Thursday. Mizuho dropped their price objective on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Barclays dropped their price objective on shares of The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. Finally, Bank of America increased their price objective on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $147.38.

The Hartford Insurance Group Price Performance

HIG opened at $128.42 on Friday. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 2.33 and a beta of 0.47. The Hartford Insurance Group, Inc. has a fifty-two week low of $119.61 and a fifty-two week high of $144.50. The company’s 50-day moving average price is $134.44 and its 200 day moving average price is $135.71. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing the consensus estimate of $3.39 by ($0.30). The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. As a group, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 13.12 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a $0.60 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 16.87%.

The Hartford Insurance Group Company 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.