Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 20.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,565 shares of the insurance provider’s stock after acquiring an additional 23,000 shares during the period. The Hartford Insurance Group makes up approximately 0.8% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 25th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Hartford Insurance Group were worth $16,990,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Park Square Financial Group LLC increased its holdings in The Hartford Insurance Group by 146.2% during the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in shares of The Hartford Insurance Group during the 1st quarter worth approximately $33,000. Meeder Asset Management Inc. raised its position 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 during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in The Hartford Insurance Group in the 1st quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC increased its position in The Hartford Insurance Group by 167.8% during the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock worth $39,000 after buying an additional 198 shares in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Trading Up 0.7%

NYSE HIG opened at $131.50 on Friday. The company’s fifty day simple moving average is $128.42 and its 200-day simple moving average is $124.83. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock has a market cap of $36.97 billion, a P/E ratio of 11.92, a PEG ratio of 1.26 and a beta of 0.72. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.02 billion. During the same period in the prior year, the business posted $2.50 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 18.86%.

Insider Activity

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

Analyst Ratings Changes

HIG has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their price target on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Raymond James Financial restated an “outperform” rating and set a $140.00 target price (up previously from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, UBS Group lifted their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $138.00.

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.