The Hartford Insurance Group, Inc. $HIG Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 29.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the insurance provider’s stock after acquiring an additional 91 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in The Hartford Insurance Group were worth $51,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its stake in The Hartford Insurance Group by 167.8% in the first quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 198 shares in the last quarter. Sharp Financial Services LLC bought a new stake in shares of The Hartford Insurance Group during the 1st quarter valued at about $260,000. Oppenheimer & Co. Inc. raised its stake in shares of The Hartford Insurance Group by 86.7% in the first quarter. Oppenheimer & Co. Inc. now owns 4,306 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 2,000 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in The Hartford Insurance Group during the first quarter valued at $233,000. Finally, Aurora Investment Counsel bought a new stake in The Hartford Insurance Group during the first quarter worth about $2,434,000. 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, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 Stock Down 0.4%

HIG stock opened at $130.90 on Friday. The business has a fifty day moving average price of $128.62 and a 200-day moving average price of $124.97. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $36.81 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.27 and a beta of 0.72.

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

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio is 18.86%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on 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. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Morgan Stanley upped their target price on shares of The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Raymond James Financial reissued an “outperform” rating and set a $140.00 price objective (up from $135.00) on shares of The Hartford Insurance Group in a report on Friday, August 1st. Finally, Wall Street Zen cut shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, The Hartford Insurance Group presently has a consensus rating of “Hold” and an average price target of $138.00.

About The Hartford Insurance Group

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.