The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 8.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,346 shares of the insurance provider’s stock after selling 228 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in The Hartford Insurance Group were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HIG. Wayfinding Financial LLC boosted its stake in shares of The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 84 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of The Hartford Insurance Group by 1.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 95 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in The Hartford Insurance Group by 0.8% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,286 shares of the insurance provider’s stock worth $1,453,000 after acquiring an additional 105 shares during the period. International Assets Investment Management LLC increased its holdings in shares of The Hartford Insurance Group by 1.9% during the 1st quarter. International Assets Investment Management LLC now owns 5,766 shares of the insurance provider’s stock worth $713,000 after purchasing an additional 105 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in The Hartford Insurance Group by 3.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,003 shares of the insurance provider’s stock valued at $438,000 after buying an additional 117 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Insurance Group

In related news, SVP Allison G. Niderno sold 1,086 shares of the business’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the transaction, the senior vice president directly owned 622 shares in the company, valued at approximately $74,279.24. The trade was a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

The Hartford Insurance Group Stock Performance

NYSE:HIG opened at $119.72 on Wednesday. The company has a market cap of $34.01 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a 52-week low of $101.02 and a 52-week high of $132.09. The firm’s 50-day moving average is $126.64 and its 200-day moving average is $119.42.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.15 by $0.05. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.97 billion. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 EPS. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, June 2nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Monday, June 2nd. The Hartford Insurance Group’s payout ratio is 20.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HIG. Raymond James Financial increased their price target on shares of The Hartford Insurance Group from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, March 31st. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Insurance Group from $125.00 to $129.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on shares of The Hartford Insurance Group from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Barclays decreased their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, July 7th. Finally, Piper Sandler upped their target price on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.67.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.