The Hartford Insurance Group, Inc. $HIG Stock Position Raised by RiverFront Investment Group LLC

RiverFront Investment Group LLC raised its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 37.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,645 shares of the insurance provider’s stock after acquiring an additional 98,658 shares during the period. RiverFront Investment Group LLC owned 0.13% of The Hartford Insurance Group worth $45,755,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Private Wealth Management Group LLC increased its position in The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after buying an additional 133 shares during the period. Meeder Asset Management Inc. grew its position in shares of The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 161 shares during the last quarter. Signature Resources Capital Management LLC bought a new stake in The Hartford Insurance Group in the 2nd quarter valued at about $38,000. Addison Advisors LLC lifted its position in The Hartford Insurance Group by 129.3% in 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 last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in The Hartford Insurance Group during the 2nd quarter valued at about $44,000. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In other news, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction on 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 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 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 0.1%

Shares of NYSE:HIG opened at $136.54 on Tuesday. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $137.49. The firm has a fifty day moving average price of $129.76 and a 200 day moving average price of $128.38. The stock has a market capitalization of $38.05 billion, a PE ratio of 11.16, 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 posted 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 Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period in the previous year, the company earned $2.53 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal 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 given a dividend of $0.60 per share. 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%. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 19.61%.

Analyst Ratings Changes

HIG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Wall Street Zen cut The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Evercore ISI boosted their price target on The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. UBS Group raised their target price on shares of 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. Finally, Keefe, Bruyette & Woods boosted their price objective on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.86.

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.