Engineers Gate Manager LP Has $8.11 Million Position in The Hartford Insurance Group, Inc. $HIG

Engineers Gate Manager LP boosted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 262.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,198 shares of the insurance provider’s stock after purchasing an additional 44,310 shares during the quarter. Engineers Gate Manager LP’s holdings in The Hartford Insurance Group were worth $8,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIG. Cidel Asset Management Inc. boosted its position in shares of The Hartford Insurance Group by 7.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,318 shares of the insurance provider’s stock worth $307,000 after purchasing an additional 164 shares in the last quarter. NewEdge Advisors LLC increased its position in The Hartford Insurance Group by 9.2% in the 2nd quarter. NewEdge Advisors LLC now owns 446,491 shares of the insurance provider’s stock valued at $59,169,000 after buying an additional 37,673 shares in the last quarter. IFP Advisors Inc raised its stake in The Hartford Insurance Group by 5.7% during the 2nd quarter. IFP Advisors Inc now owns 7,577 shares of the insurance provider’s stock worth $1,004,000 after buying an additional 410 shares during the period. Squarepoint Ops LLC boosted its holdings in The Hartford Insurance Group by 152.5% in the second quarter. Squarepoint Ops LLC now owns 544,097 shares of the insurance provider’s stock worth $72,104,000 after acquiring an additional 328,586 shares in the last quarter. Finally, BayBridge Capital Group LLC boosted its holdings in The Hartford Insurance Group by 251.2% in the second quarter. BayBridge Capital Group LLC now owns 10,590 shares of the insurance provider’s stock worth $1,403,000 after acquiring an additional 7,575 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

The Hartford Insurance Group Trading Up 0.0%

NYSE HIG opened at $136.59 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $139.35 and a 200 day simple moving average of $136.30. The Hartford Insurance Group, Inc. has a 12 month low of $120.33 and a 12 month high of $146.07. The firm has a market capitalization of $37.00 billion, a P/E ratio of 8.83, a PEG ratio of 2.40 and a beta of 0.45.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.41 EPS. On average, analysts predict that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s payout ratio is 15.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho boosted their price objective 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. Barclays cut their target price on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Zacks Research upgraded shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $149.67.

About The Hartford Insurance Group

The Hartford Insurance Group, operating as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits and related services primarily to businesses, individuals and organizations in the United States.

The company’s business operations include commercial insurance for small and midsize businesses, large organizations and specialty industries. Its offerings include workers’ compensation, commercial auto, general liability, property, professional liability and other coverage.