TD Private Client Wealth LLC Lowers Holdings in The Hartford Insurance Group, Inc. $HIG

TD Private Client Wealth LLC decreased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,217 shares of the insurance provider’s stock after selling 287 shares during the quarter. TD Private Client Wealth LLC’s holdings in The Hartford Insurance Group were worth $535,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Park Square Financial Group LLC raised its holdings in The Hartford Insurance Group by 146.2% in the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 155 shares during the period. Center for Financial Planning Inc. acquired a new position in The Hartford Insurance Group in the 1st quarter worth about $33,000. Meeder Asset Management Inc. raised its holdings in The Hartford Insurance Group by 123.8% in 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 period. Smallwood Wealth Investment Management LLC acquired a new position in The Hartford Insurance Group in the 1st quarter worth about $37,000. Finally, Golden State Wealth Management LLC raised its holdings in The Hartford Insurance Group by 167.8% in the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Beth Ann Costello sold 35,340 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. This represents a 31.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction 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 can be found here. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

HIG has been the subject of a number of analyst reports. Morgan Stanley upped their price target on The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Wolfe Research initiated coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Barclays lowered their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, July 7th. Wells Fargo & Company raised their price target on The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods increased their price objective on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $138.00.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $133.04 on Friday. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day simple moving average is $129.64 and its 200-day simple moving average is $125.48. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.29 and a beta of 0.72.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the prior year, the company posted $2.50 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio is presently 18.86%.

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.