Caisse Des Depots ET Consignations Takes $3.06 Million Position in The Hartford Insurance Group, Inc. $HIG

Caisse Des Depots ET Consignations bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,188 shares of the insurance provider’s stock, valued at approximately $3,058,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Composition Wealth LLC boosted its holdings in shares of The Hartford Insurance Group by 21.0% in the fourth quarter. Composition Wealth LLC now owns 4,689 shares of the insurance provider’s stock valued at $646,000 after acquiring an additional 813 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of The Hartford Insurance Group in the fourth quarter valued at about $1,857,000. Horizon Investments LLC boosted its holdings in shares of The Hartford Insurance Group by 7.9% in the fourth quarter. Horizon Investments LLC now owns 38,814 shares of the insurance provider’s stock valued at $5,349,000 after acquiring an additional 2,848 shares in the last quarter. New England Capital Financial Advisors LLC boosted its holdings in shares of The Hartford Insurance Group by 16.1% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,265 shares of the insurance provider’s stock valued at $174,000 after acquiring an additional 175 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of The Hartford Insurance Group by 4.6% in the fourth quarter. Fifth Third Bancorp now owns 26,805 shares of the insurance provider’s stock valued at $3,694,000 after acquiring an additional 1,173 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 related news, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Swift sold 100,970 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $140.78, for a total transaction of $14,214,556.60. Following the completion of the sale, the chief executive officer directly owned 194,817 shares in the company, valued at $27,426,337.26. This trade represents a 34.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 349,282 shares of company stock worth $48,184,324. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HIG has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $149.00 target price (down from $163.00) on shares of The Hartford Insurance Group in a report on Monday, March 30th. Wells Fargo & Company upped their price target on shares of The Hartford Insurance Group from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Citigroup increased their price target on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Morgan Stanley boosted their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Barclays decreased their price objective on shares of The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $149.31.

The Hartford Insurance Group Stock Down 0.6%

HIG stock opened at $135.99 on Friday. The company has a market cap of $37.28 billion, a P/E ratio of 9.56, a P/E/G ratio of 2.44 and a beta of 0.50. The Hartford Insurance Group, Inc. has a 52 week low of $119.61 and a 52 week high of $144.50. The company’s 50-day moving average price is $137.31 and its 200 day moving average price is $134.90. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The company had revenue of $14.45 billion for the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. On average, research analysts expect that The Hartford Insurance Group, Inc. will post 13.26 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 2nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The Hartford Insurance Group’s payout ratio is currently 16.87%.

The Hartford Insurance Group Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.