Brookwood Investment Group LLC Buys Shares of 3,804 The Hartford Insurance Group, Inc. $HIG

Brookwood Investment Group LLC bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,804 shares of the insurance provider’s stock, valued at approximately $507,000.

Several other large investors have also recently made changes to their positions in HIG. Baird Financial Group Inc. boosted its stake in The Hartford Insurance Group by 19.8% during the 1st quarter. Baird Financial Group Inc. now owns 25,597 shares of the insurance provider’s stock worth $3,167,000 after purchasing an additional 4,233 shares during the last quarter. Clark Capital Management Group Inc. raised its position in shares of The Hartford Insurance Group by 2.2% in the first quarter. Clark Capital Management Group Inc. now owns 5,418 shares of the insurance provider’s stock valued at $670,000 after buying an additional 117 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of The Hartford Insurance Group by 2.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,822 shares of the insurance provider’s stock worth $844,000 after buying an additional 149 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in The Hartford Insurance Group by 22.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 159,216 shares of the insurance provider’s stock worth $19,699,000 after acquiring an additional 29,552 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in The Hartford Insurance Group by 12.1% during the 1st quarter. NewEdge Advisors LLC now owns 55,254 shares of the insurance provider’s stock valued at $6,837,000 after acquiring an additional 5,971 shares in the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, October 29th. The shares were 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 owned 18,400 shares in the company, valued at approximately $2,252,344. This trade represents a 29.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock opened at $137.18 on Friday. The firm has a market cap of $38.22 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $140.50. The business’s fifty day simple moving average is $133.55 and its 200-day simple moving average is $130.00.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the previous year, the firm earned $2.53 EPS. The Hartford Insurance Group’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The business 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 $0.60 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 19.61%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HIG shares. Wells Fargo & Company decreased their target price on shares of The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Argus lifted their price objective on The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Wall Street Zen lowered The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Keefe, Bruyette & Woods raised their target price on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley lifted their price target on The Hartford Insurance Group from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $145.33.

The Hartford Insurance Group Company Profile

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.