Vise Technologies Inc. Buys New Stake in The Hartford Insurance Group, Inc. $HIG

Vise Technologies Inc. purchased a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,609 shares of the insurance provider’s stock, valued at approximately $2,107,000.

Several other institutional investors and hedge funds also recently modified their holdings of HIG. NorthRock Partners LLC raised its stake in shares of The Hartford Insurance Group by 2.6% during the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 80 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in The Hartford Insurance Group by 3.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after buying an additional 85 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in The Hartford Insurance Group by 4.4% during the 2nd quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock valued at $262,000 after buying an additional 86 shares during the period. Wealthspire Advisors LLC raised its position in shares of The Hartford Insurance Group by 3.2% during the 1st quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after buying an additional 88 shares in the last quarter. Finally, BayBridge Capital Group LLC lifted its stake in shares of The Hartford Insurance Group by 2.4% in the 2nd quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock worth $479,000 after acquiring an additional 89 shares during the period. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Insurance Group

In other news, 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 value of $284,339.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lori A. Rodden sold 7,841 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the completion of the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at approximately $2,252,344. This trade represents a 29.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HIG shares. Citigroup initiated 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. Morgan Stanley lifted 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 report on Tuesday, October 7th. Wall Street Zen lowered The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. raised their target price on The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Wolfe Research started coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. One 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.14.

The Hartford Insurance Group Price Performance

HIG stock opened at $131.20 on Wednesday. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $135.17. The firm has a 50-day moving average of $129.45 and a two-hundred day moving average of $127.79. The firm has a market capitalization of $36.56 billion, a PE ratio of 10.72, a P/E/G ratio of 1.19 and a beta of 0.69. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24.

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

The Hartford Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 19.61%.

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.