Asset Management One Co. Ltd. Reduces Holdings in The Hartford Insurance Group, Inc. $HIG

Asset Management One Co. Ltd. decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 150,555 shares of the insurance provider’s stock after selling 1,220 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of The Hartford Insurance Group worth $19,101,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Private Wealth Management Group LLC grew its stake in shares of The Hartford Insurance Group by 151.1% during the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 133 shares during the last quarter. Park Square Financial Group LLC grew its stake in shares of The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock worth $32,000 after acquiring an additional 155 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 161 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of The Hartford Insurance Group during the first quarter worth about $37,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of The Hartford Insurance Group during the second quarter worth about $38,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In other news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were 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. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the subject of a number of research reports. Morgan Stanley lifted their target price on The Hartford Insurance Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Wells Fargo & Company lifted their target price on The Hartford Insurance Group from $139.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Weiss Ratings downgraded The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Saturday. UBS Group lifted their target price on The Hartford Insurance Group from $150.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Citigroup initiated coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $138.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $140.07.

The Hartford Insurance Group Trading Down 0.2%

The Hartford Insurance Group stock opened at $125.03 on Friday. 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, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The stock’s 50 day simple moving average is $130.90 and its two-hundred day simple moving average is $126.88. The firm has a market cap of $35.15 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping the consensus estimate 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 business 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 firm posted $2.50 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

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.