Vise Technologies Inc. Boosts Holdings in The Hartford Insurance Group, Inc. $HIG

Vise Technologies Inc. lifted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,751 shares of the insurance provider’s stock after purchasing an additional 5,643 shares during the quarter. Vise Technologies Inc.’s holdings in The Hartford Insurance Group were worth $2,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. JPL Wealth Management LLC purchased a new position in shares of The Hartford Insurance Group in the 3rd quarter worth about $26,000. United Financial Planning Group LLC purchased a new position in shares of The Hartford Insurance Group in the 3rd quarter worth about $29,000. Sunbelt Securities Inc. purchased a new position in shares of The Hartford Insurance Group in the 3rd quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of The Hartford Insurance Group by 144.8% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 152 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in The Hartford Insurance Group by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was 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 directly owned 38,208 shares in the company, valued at $5,163,047.04. The trade was a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. This represents a 61.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Trading Up 3.9%

The Hartford Insurance Group stock opened at $132.25 on Friday. The business has a 50-day simple moving average of $134.89 and a two-hundred day simple moving average of $135.84. The company has a market cap of $36.25 billion, a P/E ratio of 9.29, a P/E/G ratio of 2.37 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 52-week low of $119.61 and a 52-week high of $144.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Analysts predict that The Hartford Insurance Group, Inc. will post 13.12 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s payout ratio is currently 16.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HIG shares. Wells Fargo & Company reduced their price objective on The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating for the company in a report on Friday. Mizuho reduced their price objective on The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. Barclays reduced their price objective on The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, April 24th. UBS Group reduced their price objective on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Bank of America lifted their price objective on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.19.

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.