7,925 Shares in The Hartford Insurance Group, Inc. $HIG Bought by 111 Capital

111 Capital bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) in the second quarter, HoldingsChannel reports. The fund bought 7,925 shares of the insurance provider’s stock, valued at approximately $1,005,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of The Hartford Insurance Group by 11.3% in the first quarter. Northern Trust Corp now owns 3,936,615 shares of the insurance provider’s stock valued at $487,077,000 after acquiring an additional 398,950 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in The Hartford Insurance Group by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider’s stock valued at $434,181,000 after purchasing an additional 60,116 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in The Hartford Insurance Group by 47.0% in the first quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock valued at $264,972,000 after purchasing an additional 684,390 shares in the last quarter. Amundi increased its position in shares of The Hartford Insurance Group by 27.4% during the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after purchasing an additional 417,951 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of The Hartford Insurance Group by 31.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 1,600,215 shares of the insurance provider’s stock valued at $197,995,000 after buying an additional 387,141 shares during the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Insurance Group Trading Up 0.4%

Shares of HIG stock opened at $133.51 on Friday. The firm has a 50 day moving average price of $130.65 and a two-hundred day moving average price of $125.97. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $37.54 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last posted 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 company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. As a group, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.52 per share. The ex-dividend date was 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 presently 18.86%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HIG shares. Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Saturday, September 27th. UBS Group boosted their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Morgan Stanley raised their target price on shares of 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. Wolfe Research started coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective (up from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $137.93.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group 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 completion of the sale, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

The Hartford Insurance Group 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.