Deprince Race & Zollo Inc. Has $35.51 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Deprince Race & Zollo Inc. trimmed its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 266,176 shares of the insurance provider’s stock after selling 5,476 shares during the period. Deprince Race & Zollo Inc. owned about 0.09% of The Hartford Insurance Group worth $35,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. New Vernon Investment Management LLC boosted its stake in The Hartford Insurance Group by 1,685.7% during the 1st quarter. New Vernon Investment Management LLC now owns 44,643 shares of the insurance provider’s stock valued at $5,524,000 after purchasing an additional 42,143 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of The Hartford Insurance Group by 19.8% in the first quarter. Baird Financial Group Inc. now owns 25,597 shares of the insurance provider’s stock valued at $3,167,000 after purchasing an additional 4,233 shares in the last quarter. Quarry LP boosted its position in shares of The Hartford Insurance Group by 430.2% during the first quarter. Quarry LP now owns 4,459 shares of the insurance provider’s stock valued at $552,000 after buying an additional 3,618 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new stake in The Hartford Insurance Group during the first quarter worth $1,603,000. Finally, Point72 Europe London LLP bought a new stake in The Hartford Insurance Group during the first quarter worth $3,706,000. 93.42% of the stock is owned by institutional investors.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the completion of the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,252,344. This trade represents a 29.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HIG. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Monday, December 22nd. Wells Fargo & Company dropped their price target on shares of The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Wolfe Research initiated coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Mizuho initiated coverage on shares of The Hartford Insurance Group in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $145.33.

The Hartford Insurance Group Stock Performance

NYSE HIG opened at $138.65 on Friday. The company has a market capitalization of $38.64 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $140.50. The company has a 50-day simple moving average of $132.22 and a 200 day simple moving average of $129.56.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the firm earned $2.53 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 1st. The Hartford Insurance Group’s dividend payout ratio is currently 19.61%.

About The Hartford Insurance Group

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.