United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 4,900 Shares of The Hartford Insurance Group, Inc. $HIG

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 25.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,300 shares of the insurance provider’s stock after selling 4,900 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in The Hartford Insurance Group were worth $1,971,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Signal Advisors Wealth LLC raised its position in shares of The Hartford Insurance Group by 4.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after buying an additional 75 shares during the last quarter. Castlekeep Investment Advisors LLC raised its position in The Hartford Insurance Group by 0.7% in the fourth quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock worth $1,810,000 after purchasing an additional 86 shares in the last quarter. Sound Income Strategies LLC raised its position in The Hartford Insurance Group by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 87 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of The Hartford Insurance Group by 16.4% during the third quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider’s stock worth $83,000 after buying an additional 87 shares in the last quarter. Finally, REAP Financial Group LLC increased its holdings in shares of The Hartford Insurance Group by 12.7% during the third quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider’s stock worth $105,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Buying and Selling

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 25,392 shares in the company, valued at $3,505,365.60. This represents a 61.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Adin M. Tooker sold 8,895 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the transaction, the president owned 38,208 shares in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $127.29 on Friday. The company’s 50 day moving average price is $135.47 and its two-hundred day moving average price is $136.00. The Hartford Insurance Group, Inc. has a 12-month low of $119.61 and a 12-month high of $144.50. The firm has a market cap of $34.89 billion, a PE ratio of 8.95, a PEG ratio of 2.31 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts predict that The Hartford Insurance Group, Inc. will post 13.17 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is presently 16.87%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $149.00 price objective (down from $163.00) on shares of The Hartford Insurance Group in a research report on Monday, March 30th. Mizuho boosted their price target on shares of The Hartford Insurance Group from $158.00 to $159.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their price objective 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. Finally, Morgan Stanley upped their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $149.31.

About The Hartford Insurance Group

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.