Whittier Trust Co. Grows Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Whittier Trust Co. grew its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 8.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,785 shares of the insurance provider’s stock after acquiring an additional 310 shares during the period. Whittier Trust Co.’s holdings in The Hartford Insurance Group were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HIG. Proficio Capital Partners LLC increased its position in shares of The Hartford Insurance Group by 9.7% during the fourth quarter. Proficio Capital Partners LLC now owns 5,773 shares of the insurance provider’s stock valued at $632,000 after buying an additional 512 shares during the period. Strategic Financial Services Inc. grew its position in The Hartford Insurance Group by 36.0% during the fourth quarter. Strategic Financial Services Inc. now owns 2,446 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 648 shares during the last quarter. Teacher Retirement System of Texas grew its position in The Hartford Insurance Group by 68.7% during the fourth quarter. Teacher Retirement System of Texas now owns 723,925 shares of the insurance provider’s stock valued at $79,197,000 after acquiring an additional 294,836 shares during the last quarter. Blueshift Asset Management LLC bought a new position in The Hartford Insurance Group during the fourth quarter valued at approximately $269,000. Finally, HUB Investment Partners LLC grew its position in The Hartford Insurance Group by 23.9% during the fourth quarter. HUB Investment Partners LLC now owns 5,764 shares of the insurance provider’s stock valued at $631,000 after acquiring an additional 1,113 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Up 1.5%

HIG stock opened at $122.38 on Friday. The Hartford Insurance Group, Inc. has a twelve month low of $101.02 and a twelve month high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The stock has a market cap of $34.77 billion, a P/E ratio of 12.20, a PEG ratio of 1.26 and a beta of 0.69. The business’s 50-day moving average price is $126.37 and its 200-day moving average price is $119.51.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.97 billion. During the same period in the previous year, the firm earned $2.34 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd were issued a dividend of $0.52 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.70%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 20.74%.

Insider Activity

In other news, SVP Allison G. Niderno sold 1,086 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president owned 622 shares of the company’s stock, valued at approximately $74,279.24. The trade was a 63.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

HIG has been the subject of a number of analyst reports. Wall Street Zen raised The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. UBS Group raised their price target on The Hartford Insurance Group from $142.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Piper Sandler raised their price target on The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Raymond James Financial raised their price target on The Hartford Insurance Group from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, March 31st. Finally, Jefferies Financial Group dropped their price target on The Hartford Insurance Group from $118.00 to $117.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $133.67.

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.