The Hartford Insurance Group, Inc. $HIG Position Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 18.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,363 shares of the insurance provider’s stock after selling 6,750 shares during the period. First Citizens Bank & Trust Co.’s holdings in The Hartford Insurance Group were worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIG. GAMMA Investing LLC boosted its holdings in shares of The Hartford Insurance Group by 14.4% in the first quarter. GAMMA Investing LLC now owns 11,509 shares of the insurance provider’s stock worth $1,424,000 after buying an additional 1,445 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of The Hartford Insurance Group in the first quarter worth about $586,000. Oppenheimer & Co. Inc. boosted its holdings in shares of The Hartford Insurance Group by 86.7% in the first quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider’s stock worth $533,000 after buying an additional 2,000 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of The Hartford Insurance Group by 5.4% in the first quarter. Asset Management One Co. Ltd. now owns 151,775 shares of the insurance provider’s stock worth $18,779,000 after buying an additional 7,765 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of The Hartford Insurance Group by 1.9% in the first quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider’s stock worth $713,000 after buying an additional 105 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Insurance Group

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

Wall Street Analyst Weigh In

Several brokerages have commented on HIG. Citigroup began coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 target price for the company. UBS Group raised 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 report on Wednesday, October 8th. Wall Street Zen upgraded shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Barclays decreased their price target on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, July 7th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $140.07.

The Hartford Insurance Group Stock Performance

HIG stock opened at $125.05 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $35.16 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69. The firm has a 50 day simple moving average of $131.01 and a 200 day simple moving average of $126.66. 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 issued 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 Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter last year, the firm earned $2.50 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

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.