Burns Matteson Capital Management LLC Makes New $536,000 Investment in The Hartford Insurance Group, Inc. $HIG

Burns Matteson Capital Management LLC acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,378 shares of the insurance provider’s stock, valued at approximately $536,000.

Several other institutional investors have also recently made changes to their positions in HIG. Koshinski Asset Management Inc. lifted its position in shares of The Hartford Insurance Group by 3.8% during the first quarter. Koshinski Asset Management Inc. now owns 2,253 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 82 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in The Hartford Insurance Group by 2.3% during the third quarter. AdvisorNet Financial Inc now owns 3,619 shares of the insurance provider’s stock worth $478,000 after purchasing an additional 83 shares during the last quarter. Versant Capital Management Inc grew its position in The Hartford Insurance Group by 6.4% in the 2nd quarter. Versant Capital Management Inc now owns 1,443 shares of the insurance provider’s stock worth $191,000 after purchasing an additional 87 shares in the last quarter. CX Institutional grew its position in The Hartford Insurance Group by 1.0% in the 3rd quarter. CX Institutional now owns 9,217 shares of the insurance provider’s stock worth $1,128,000 after purchasing an additional 94 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in The Hartford Insurance Group by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 31,953 shares of the insurance provider’s stock worth $4,321,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Up 1.7%

Shares of NYSE HIG opened at $135.07 on Friday. The stock has a market capitalization of $36.59 billion, a PE ratio of 8.73, a P/E/G ratio of 2.20 and a beta of 0.49. The Hartford Insurance Group, Inc. has a one year low of $120.33 and a one year high of $146.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The business’s fifty day moving average price is $133.66 and its 200-day moving average price is $134.98.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.26. The company had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.41 earnings per share. On average, equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 12.88 EPS for the current year.

Wall Street Analysts Forecast Growth

HIG has been the topic of several recent analyst reports. Cantor Fitzgerald lifted their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Piper Sandler restated a “neutral” rating and issued a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research note on Wednesday, July 15th. Mizuho reduced their target price on The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Wells Fargo & Company decreased their price target on The Hartford Insurance Group from $164.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, UBS Group decreased their price target on The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $145.25.

About The Hartford Insurance Group

The Hartford Financial Services Group, Inc, commonly known as The Hartford, is an insurance and financial services company headquartered in Hartford, Connecticut. Founded in 1810, the company provides insurance products and related services to businesses, individuals and institutional customers primarily in the United States.

The Hartford’s main business includes commercial property and casualty insurance, workers’ compensation, liability coverage, commercial auto insurance and other products for businesses of various sizes.