The Hartford Insurance Group, Inc. $HIG Stock Position Lifted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 94,058 shares of the insurance provider’s stock after buying an additional 5,405 shares during the period. Nisa Investment Advisors LLC’s holdings in The Hartford Insurance Group were worth $11,565,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HIG. Y Intercept Hong Kong Ltd acquired a new position in The Hartford Insurance Group during the 1st quarter worth about $4,131,000. Strs Ohio boosted its holdings in The Hartford Insurance Group by 4.7% during the 1st quarter. Strs Ohio now owns 199,619 shares of the insurance provider’s stock valued at $26,994,000 after acquiring an additional 8,890 shares during the period. SEB Asset Management AB purchased a new position in The Hartford Insurance Group during the 1st quarter valued at about $69,310,000. Arbejdsmarkedets Tillaegspension boosted its holdings in The Hartford Insurance Group by 4.6% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 187,110 shares of the insurance provider’s stock valued at $25,303,000 after acquiring an additional 8,250 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at about $2,286,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. UBS Group reduced their price target on shares of The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Cantor Fitzgerald raised their price objective on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Morgan Stanley lowered their price objective on shares of The Hartford Insurance Group from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Finally, Wells Fargo & Company dropped their price objective on shares of The Hartford Insurance Group from $164.00 to $158.00 and set an “overweight” rating for the company in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.25.

The Hartford Insurance Group Price Performance

HIG stock opened at $139.35 on Friday. 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 firm has a market capitalization of $37.75 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.21 and a beta of 0.49. The business’s 50-day moving average is $133.48 and its two-hundred day moving average is $135.01. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data 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 Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%. The business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the business posted $3.41 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that The Hartford Insurance Group, Inc. will post 12.88 earnings per share for the current fiscal year.

About The Hartford Insurance Group

The Hartford Insurance Group, Inc, commonly known 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 to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.