Geneos Wealth Management Inc. Purchases 441 Shares of The Hartford Insurance Group, Inc. $HIG

Geneos Wealth Management Inc. grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,001 shares of the insurance provider’s stock after buying an additional 441 shares during the period. Geneos Wealth Management Inc.’s holdings in The Hartford Insurance Group were worth $743,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC boosted its holdings in shares of The Hartford Insurance Group by 146.2% in the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock valued at $32,000 after buying an additional 155 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at about $33,000. Meeder Asset Management Inc. boosted its holdings in shares of The Hartford Insurance Group by 123.8% in the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after buying an additional 161 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $33,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at about $37,000. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Performance

HIG opened at $132.52 on Friday. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $135.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.26 billion, a PE ratio of 12.01, a P/E/G ratio of 1.29 and a beta of 0.72. The firm has a 50 day moving average of $127.74 and a two-hundred day moving average of $124.53.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the firm posted $2.50 EPS. The Hartford Insurance Group’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 18.86%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HIG. UBS Group raised their price target on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, August 4th. Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays decreased their price objective on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, July 7th. Morgan Stanley increased their price objective on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective (up from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $138.00.

Insider Buying and Selling

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group 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.