The Hartford Insurance Group, Inc. $HIG Stock Holdings Boosted by M&G PLC

M&G PLC boosted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,781 shares of the insurance provider’s stock after purchasing an additional 1,780 shares during the quarter. M&G PLC’s holdings in The Hartford Insurance Group were worth $20,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of The Hartford Insurance Group by 11.3% during the first quarter. Northern Trust Corp now owns 3,936,615 shares of the insurance provider’s stock worth $487,077,000 after buying an additional 398,950 shares during the period. Massachusetts Financial Services Co. MA boosted its position in The Hartford Insurance Group by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,509,098 shares of the insurance provider’s stock worth $434,181,000 after acquiring an additional 60,116 shares during the period. Bahl & Gaynor Inc. boosted its position in The Hartford Insurance Group by 47.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock worth $264,972,000 after acquiring an additional 684,390 shares during the period. Amundi increased its holdings in shares of The Hartford Insurance Group by 27.4% during the first 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, AustralianSuper Pty Ltd increased its holdings in shares of The Hartford Insurance Group by 0.3% during the second quarter. AustralianSuper Pty Ltd now owns 1,605,760 shares of the insurance provider’s stock valued at $203,723,000 after purchasing an additional 5,545 shares during the period. Institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction that occurred on 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 directly owned 18,400 shares in the company, valued at approximately $2,252,344. This trade represents a 29.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Trading Up 0.3%

Shares of NYSE:HIG opened at $131.20 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.19 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. The company has a 50 day moving average price of $129.45 and a 200 day moving average price of $127.79.

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

The Hartford Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 1st will be given a $0.60 dividend. This is a positive change 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 1.8%. The Hartford Insurance Group’s dividend payout ratio is 19.61%.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Citigroup started coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $138.00 price objective on the stock. Wolfe Research started coverage on The Hartford Insurance Group in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, UBS Group increased their price target on The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.14.

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.