Sei Investments Co. Raises Stake in The Hartford Insurance Group, Inc. $HIG

Sei Investments Co. lifted its stake in The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 10.7% during the first quarter, HoldingsChannel reports. The firm owned 340,205 shares of the insurance provider’s stock after purchasing an additional 32,827 shares during the period. Sei Investments Co.’s holdings in The Hartford Insurance Group were worth $46,007,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of The Hartford Insurance Group during the first quarter worth approximately $207,000. NewEdge Advisors LLC grew its stake in The Hartford Insurance Group by 1.6% in the second quarter. NewEdge Advisors LLC now owns 56,140 shares of the insurance provider’s stock worth $7,122,000 after purchasing an additional 886 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in The Hartford Insurance Group by 3.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 167,868 shares of the insurance provider’s stock worth $21,297,000 after purchasing an additional 6,285 shares during the period. HUB Investment Partners LLC increased its holdings in The Hartford Insurance Group by 9.8% during the 2nd quarter. HUB Investment Partners LLC now owns 6,919 shares of the insurance provider’s stock worth $878,000 after purchasing an additional 619 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in The Hartford Insurance Group by 25.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 193,020 shares of the insurance provider’s stock valued at $24,488,000 after purchasing an additional 39,220 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Key Headlines Impacting The Hartford Insurance Group

Here are the key news stories impacting The Hartford Insurance Group this week:

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays decreased their price objective on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Mizuho increased their target price on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. 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 report on Monday, July 20th. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Wednesday, May 27th. Finally, Bank of America lifted their price objective on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.75.

Get Our Latest Report on HIG

The Hartford Insurance Group Stock Down 1.2%

Shares of The Hartford Insurance Group stock opened at $140.50 on Friday. 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 company has a market cap of $38.51 billion, a P/E ratio of 9.08, a PEG ratio of 3.83 and a beta of 0.47. The firm’s 50 day moving average price is $133.83 and its 200-day moving average price is $135.51. The Hartford Insurance Group, Inc. has a 52-week low of $120.33 and a 52-week high of $144.50.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last issued its quarterly earnings results 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 Hartford Insurance Group had a return on equity of 21.92% and a net margin of 15.00%.The business had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the firm posted $3.41 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 12.69 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 15.51%.

Insider Transactions at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the sale, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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