Aviso Financial Inc. Boosts Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Aviso Financial Inc. boosted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,366 shares of the insurance provider’s stock after buying an additional 1,107 shares during the quarter. Aviso Financial Inc.’s holdings in The Hartford Insurance Group were worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Private Wealth Management Group LLC increased its holdings in The Hartford Insurance Group by 151.1% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 133 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 161 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in The Hartford Insurance Group during the second quarter worth about $38,000. Addison Advisors LLC increased its stake in shares of The Hartford Insurance Group by 129.3% in the second quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 181 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of The Hartford Insurance Group in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Activity at The Hartford Insurance Group

In related news, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lori A. Rodden sold 7,841 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, the executive vice president directly owned 18,400 shares in the company, valued at $2,252,344. This represents a 29.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Trading Up 0.1%

The Hartford Insurance Group stock opened at $136.54 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $137.49. The stock has a market cap of $38.05 billion, a P/E ratio of 11.16, a PEG ratio of 1.19 and a beta of 0.69. The firm’s fifty day moving average price is $129.76 and its 200-day moving average price is $128.38.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, topping the consensus estimate of $3.02 by $0.76. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 earnings per share. Equities research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s payout ratio is presently 19.61%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Wednesday, November 19th. Morgan Stanley increased their target price on The Hartford Insurance Group from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Evercore ISI raised their price target on The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lifted their price target on The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Raymond James Financial reissued an “outperform” rating and set a $140.00 price objective (up previously from $135.00) on shares of The Hartford Insurance Group in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $140.86.

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.