Intech Investment Management LLC Purchases 6,501 Shares of The Hartford Insurance Group, Inc. $HIG

Intech Investment Management LLC boosted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,489 shares of the insurance provider’s stock after buying an additional 6,501 shares during the quarter. Intech Investment Management LLC’s holdings in The Hartford Insurance Group were worth $9,831,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Private Wealth Management Group LLC boosted its holdings in 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 valued at $28,000 after acquiring an additional 133 shares during the period. Meeder Asset Management Inc. increased its stake in shares of The Hartford Insurance Group by 123.8% in the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 161 shares during the period. Signature Resources Capital Management LLC acquired a new position in shares of The Hartford Insurance Group during the 2nd quarter worth about $38,000. Addison Advisors LLC boosted its stake in The Hartford Insurance Group by 129.3% during the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 181 shares during the period. Finally, Larson Financial Group LLC boosted its stake in The Hartford Insurance Group by 274.5% during the 1st quarter. Larson Financial Group LLC now owns 352 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 258 shares during the period. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Up 0.2%

Shares of The Hartford Insurance Group stock opened at $133.90 on Friday. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $135.27. The firm has a market capitalization of $37.31 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31. The company’s fifty day moving average price is $129.47 and its two-hundred day moving average price is $128.00.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.76. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates 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 revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS. On average, analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

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

Insider Activity at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of the firm’s 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 owned 18,400 shares in the company, valued at $2,252,344. This trade represents a 29.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $284,339.88. The SEC filing for this sale provides additional information. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Thursday. UBS Group increased their price target on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.14.

The Hartford Insurance Group Company 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.