The Hartford Insurance Group, Inc. $HIG Stock Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 16.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 90,490 shares of the insurance provider’s stock after acquiring an additional 12,843 shares during the period. Vise Technologies Inc.’s holdings in The Hartford Insurance Group were worth $11,072,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HIG. Cidel Asset Management Inc. increased its holdings in shares of The Hartford Insurance Group by 6.6% in the 3rd quarter. Cidel Asset Management Inc. now owns 2,470 shares of the insurance provider’s stock worth $302,000 after purchasing an additional 152 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of The Hartford Insurance Group by 7.7% during the third quarter. Aprio Wealth Management LLC now owns 3,869 shares of the insurance provider’s stock valued at $473,000 after purchasing an additional 278 shares in the last quarter. Avestar Capital LLC purchased a new stake in shares of The Hartford Insurance Group during the third quarter valued at $407,000. International Assets Investment Management LLC boosted its position in shares of The Hartford Insurance Group by 110.5% during the third quarter. International Assets Investment Management LLC now owns 10,000 shares of the insurance provider’s stock valued at $1,224,000 after buying an additional 5,250 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its position in shares of The Hartford Insurance Group by 76.2% during the third quarter. Soltis Investment Advisors LLC now owns 3,276 shares of the insurance provider’s stock valued at $401,000 after buying an additional 1,417 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Zacks Research raised The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Mizuho reduced their price target on shares of The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods lowered their price objective 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 report on Monday, October 12th. Finally, Piper Sandler cut shares of The Hartford Insurance Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $148.00 to $146.00 in a report on Wednesday, July 15th. One 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. According to data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Hold” and a consensus price target of $145.25.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG opened at $132.69 on Monday. The Hartford Insurance Group, Inc. has a 12-month low of $120.42 and a 12-month high of $146.07. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $132.97 and a 200 day moving average of $135.36.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Monday, October 26th. The insurance provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.33. The business had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.37 billion. The Hartford Insurance Group had a net margin of 15.85% and a return on equity of 20.93%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $3.78 earnings per share. On average, research analysts anticipate that The Hartford Insurance Group, Inc. will post 13.18 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be paid a $0.67 dividend. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, December 1st. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 14.53%.

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.