The Hartford Insurance Group, Inc. $HIG Shares Purchased by Ignite Planners LLC

Ignite Planners LLC boosted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,575 shares of the insurance provider’s stock after acquiring an additional 105 shares during the quarter. Ignite Planners LLC’s holdings in The Hartford Insurance Group were worth $316,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC grew its stake 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 valued at $32,000 after acquiring an additional 155 shares during the period. Center for Financial Planning Inc. acquired a new stake in The Hartford Insurance Group during the 1st quarter worth $33,000. Meeder Asset Management Inc. boosted its stake in 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 acquired a new stake in The Hartford Insurance Group during the 1st quarter worth $37,000. Finally, Signature Resources Capital Management LLC acquired a new stake in The Hartford Insurance Group during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HIG. Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Evercore ISI lifted their target price on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. UBS Group lifted their target price on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial reaffirmed 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 note on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Wednesday. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.93.

The Hartford Insurance Group Stock Down 0.6%

Shares of HIG opened at $132.97 on Thursday. The firm has a market cap of $37.39 billion, a P/E ratio of 12.06, 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 company’s 50-day moving average price is $131.22 and its 200 day moving average price is $126.21. 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 Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.58. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The Hartford Insurance Group’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 EPS. On average, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. The Hartford Insurance Group’s payout ratio is 18.86%.

Insider Activity

In related news, CFO Beth Ann Costello sold 35,340 shares of the business’s 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 sale, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. The trade was a 31.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 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.