PensionDanmark Pensionsforsikringsaktieselskab Trims Holdings in The Hartford Insurance Group, Inc. $HIG

PensionDanmark Pensionsforsikringsaktieselskab reduced its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 22.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 32,415 shares of the insurance provider’s stock after selling 9,345 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in The Hartford Insurance Group were worth $4,296,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Haven Private LLC lifted its stake in shares of The Hartford Insurance Group by 1.1% during the fourth quarter. Haven Private LLC now owns 6,751 shares of the insurance provider’s stock valued at $930,000 after buying an additional 71 shares during the period. GW&K Investment Management LLC grew its stake in The Hartford Insurance Group by 40.3% in the 4th quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 77 shares during the period. Kestra Advisory Services LLC grew its stake in The Hartford Insurance Group by 0.4% in the 4th quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider’s stock worth $2,432,000 after acquiring an additional 79 shares during the period. Koshinski Asset Management Inc. raised its holdings in The Hartford Insurance Group by 3.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 82 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC raised its holdings in The Hartford Insurance Group by 0.7% in the 4th quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock valued at $1,810,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the completion of the sale, the president owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HIG. Zacks Research cut The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods increased their target price on The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada raised their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Finally, Mizuho lifted their price target on The Hartford Insurance Group from $154.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $149.67.

The Hartford Insurance Group Stock Down 0.1%

Shares of NYSE HIG opened at $143.16 on Monday. The stock has a market capitalization of $38.78 billion, a PE ratio of 9.25, a P/E/G ratio of 3.52 and a beta of 0.46. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $135.64 and a 200-day moving average of $136.16. The Hartford Insurance Group, Inc. has a 52-week low of $120.33 and a 52-week high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the firm earned $3.41 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 12.79 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group’s payout ratio is presently 15.51%.

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.