Traub Capital Management LLC Makes New $68,000 Investment in The Hartford Insurance Group, Inc. $HIG

Traub Capital Management LLC bought a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 536 shares of the insurance provider’s stock, valued at approximately $68,000.

A number of other hedge funds have also modified their holdings of the stock. Private Wealth Management Group LLC raised its holdings in shares of The Hartford Insurance Group by 151.1% during the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 133 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of The Hartford Insurance Group by 123.8% during the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 161 shares in the last quarter. Signature Resources Capital Management LLC acquired a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at about $38,000. Addison Advisors LLC lifted its holdings in shares of The Hartford Insurance Group by 129.3% during the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after buying an additional 181 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of The Hartford Insurance Group in the 2nd quarter valued at approximately $44,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Trading Down 0.7%

The Hartford Insurance Group stock opened at $132.20 on Thursday. The business’s 50-day simple moving average is $129.56 and its 200-day simple moving average is $128.19. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $135.27. The firm has a market capitalization of $36.84 billion, a PE ratio of 10.80, a PEG ratio of 1.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the firm posted $2.53 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be given a dividend of $0.60 per share. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, December 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 19.61%.

Wall Street Analyst Weigh In

HIG has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Evercore ISI upped their price objective on shares of 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. Raymond James Financial restated an “outperform” rating and set a $140.00 target price (up from $135.00) on shares of The Hartford Insurance Group in a report on Friday, August 1st. Cantor Fitzgerald assumed coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price target for the company. Finally, Morgan Stanley increased their price objective on The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.86.

Insider Activity

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the completion of the transaction, the executive vice president owned 18,400 shares of the company’s stock, valued at $2,252,344. This represents a 29.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by company insiders.

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.