Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in The Hartford Insurance Group, Inc. $HIG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,678 shares of the insurance provider’s stock after purchasing an additional 3,908 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in The Hartford Insurance Group were worth $8,840,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HIG. CWM LLC increased its position in shares of The Hartford Insurance Group by 1.9% during the first quarter. CWM LLC now owns 15,129 shares of the insurance provider’s stock valued at $1,872,000 after buying an additional 284 shares during the period. Edgestream Partners L.P. purchased a new position in The Hartford Insurance Group during the first quarter valued at approximately $528,000. Apollon Wealth Management LLC increased its holdings in The Hartford Insurance Group by 4.3% during the 1st quarter. Apollon Wealth Management LLC now owns 4,043 shares of the insurance provider’s stock worth $500,000 after acquiring an additional 167 shares during the period. Larson Financial Group LLC increased its holdings 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 worth $44,000 after acquiring an additional 258 shares during the period. Finally, Private Advisor Group LLC lifted its stake in The Hartford Insurance Group by 4.7% in the 1st quarter. Private Advisor Group LLC now owns 21,700 shares of the insurance provider’s stock worth $2,685,000 after purchasing an additional 971 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were 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 of the company’s stock, valued at approximately $2,252,344. This represents a 29.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

The Hartford Insurance Group Stock Up 0.2%

HIG opened at $133.90 on Monday. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.27. 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 business’s 50-day moving average price is $129.47 and its 200-day moving average price is $128.04. The company has a market cap of $37.31 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.19 and a beta of 0.69.

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, topping 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 return on equity of 21.07% and a net margin of 12.75%.The Hartford Insurance Group’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. On average, equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be issued a $0.60 dividend. This is a boost 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 dividend on an annualized basis and a yield of 1.8%. The Hartford Insurance Group’s payout ratio is 19.61%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Cantor Fitzgerald started coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price target on the stock. Citigroup initiated coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price target for the company. Piper Sandler raised their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. upped their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Wolfe Research assumed coverage on The Hartford Insurance Group in a research note 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 given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from 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.