Tredje AP fonden Boosts Holdings in The Hartford Insurance Group, Inc. $HIG

Tredje AP fonden grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 92.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,936 shares of the insurance provider’s stock after acquiring an additional 22,096 shares during the quarter. Tredje AP fonden’s holdings in The Hartford Insurance Group were worth $5,828,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. NorthRock Partners LLC increased its stake in shares of The Hartford Insurance Group by 2.6% in the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock worth $395,000 after buying an additional 80 shares during the period. Wayfinding Financial LLC increased its stake in shares of The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider’s stock worth $355,000 after buying an additional 84 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of The Hartford Insurance Group by 3.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock worth $303,000 after buying an additional 85 shares during the period. Wealthspire Advisors LLC increased its stake in shares of The Hartford Insurance Group by 3.2% in the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after buying an additional 88 shares during the period. Finally, BayBridge Capital Group LLC increased its stake in shares of The Hartford Insurance Group by 2.4% in the second quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock worth $479,000 after buying an additional 89 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HIG has been the topic of several analyst reports. Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Saturday, October 25th. 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, October 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 target price (up from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Evercore ISI lifted their price target on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.57.

Insider Activity

In other news, EVP Donald Christian Hunt sold 2,124 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the transaction, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. The trade was a 29.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 45,305 shares of company stock worth $5,608,647. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Performance

NYSE:HIG opened at $124.35 on Friday. The stock has a market cap of $34.65 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The firm’s fifty day simple moving average is $130.01 and its 200 day simple moving average is $127.20. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the previous year, the business posted $2.53 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 19.61%.

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.