Freedom Investment Management Inc. Acquires 533 Shares of The Hartford Insurance Group, Inc. $HIG

Freedom Investment Management Inc. lifted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,248 shares of the insurance provider’s stock after acquiring an additional 533 shares during the quarter. Freedom Investment Management Inc.’s holdings in The Hartford Insurance Group were worth $1,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIG. Woodline Partners LP boosted its stake in shares of The Hartford Insurance Group by 28,218.5% during the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock worth $93,763,000 after acquiring an additional 755,128 shares during the period. Nuveen LLC bought a new stake in The Hartford Insurance Group in the 1st quarter valued at $87,516,000. Bahl & Gaynor Inc. boosted its stake in The Hartford Insurance Group by 47.0% in the 1st 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 during the period. Amundi boosted its stake in The Hartford Insurance Group by 27.4% in the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock valued at $239,905,000 after purchasing an additional 417,951 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in The Hartford Insurance Group by 38.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock valued at $189,427,000 after purchasing an additional 414,216 shares during the period. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $125.05 on Friday. The stock has a market capitalization of $35.16 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69. 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 has a fifty day moving average price of $131.01 and a two-hundred day moving average price of $126.66. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.58. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.50 EPS. As a group, equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Donald Christian Hunt sold 2,124 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the business’s stock in a transaction on Monday, August 4th. The stock was 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 of the company’s stock, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HIG. Keefe, Bruyette & Woods boosted their price target 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. Cantor Fitzgerald began coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price target for the company. Citigroup began coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price target for the company. Morgan Stanley boosted their price target on The Hartford Insurance Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Wolfe Research began coverage on The Hartford Insurance Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $140.07.

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.