The Hartford Insurance Group (NYSE:HIG) President Sells $1,201,981.35 in Stock

The Hartford Insurance Group, Inc. (NYSE:HIG) President Adin Tooker sold 8,895 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president owned 38,208 shares of the company’s stock, valued at $5,163,047.04. The trade was a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

The Hartford Insurance Group Stock Performance

Shares of HIG stock traded down $1.68 on Friday, hitting $127.29. 3,232,382 shares of the stock were exchanged, compared to its average volume of 1,573,630. 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 firm has a market capitalization of $34.89 billion, a PE ratio of 8.95, a P/E/G ratio of 2.37 and a beta of 0.50. The Hartford Insurance Group, Inc. has a one year low of $119.61 and a one year high of $144.50. The firm’s 50 day moving average is $135.58 and its two-hundred day moving average is $136.06.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the business earned $2.20 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts expect that The Hartford Insurance Group, Inc. will post 13.14 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a $0.60 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.40 annualized dividend and a yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 16.87%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Roth Mkm raised their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Wells Fargo & Company raised their target price on 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. UBS Group cut their target price on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $149.00 target price (down from $163.00) on shares of The Hartford Insurance Group in a research note on Monday, March 30th. Finally, Morgan Stanley raised their target price on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.31.

Institutional Trading of The Hartford Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of HIG. Northwestern Mutual Wealth Management Co. raised its holdings in shares of The Hartford Insurance Group by 286,241.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock valued at $10,178,152,000 after acquiring an additional 73,835,976 shares in the last quarter. Norges Bank purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $611,724,000. Allianz Asset Management GmbH raised its holdings in shares of The Hartford Insurance Group by 131.1% in the 4th quarter. Allianz Asset Management GmbH now owns 1,632,082 shares of the insurance provider’s stock valued at $224,901,000 after acquiring an additional 925,789 shares in the last quarter. Danske Bank A S purchased a new position in shares of The Hartford Insurance Group during the 3rd quarter valued at about $91,398,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of The Hartford Insurance Group by 6,431.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 643,443 shares of the insurance provider’s stock valued at $85,829,000 after buying an additional 633,592 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Company 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.