AustralianSuper Pty Ltd Has $245.64 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

AustralianSuper Pty Ltd increased its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,841,503 shares of the insurance provider’s stock after buying an additional 235,743 shares during the period. The Hartford Insurance Group accounts for approximately 1.1% of AustralianSuper Pty Ltd’s holdings, making the stock its 16th biggest holding. AustralianSuper Pty Ltd owned about 0.66% of The Hartford Insurance Group worth $245,638,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of The Hartford Insurance Group during the second quarter worth approximately $506,329,000. Franklin Resources Inc. increased its holdings in shares of The Hartford Insurance Group by 51.5% in the second quarter. Franklin Resources Inc. now owns 3,268,166 shares of the insurance provider’s stock valued at $414,632,000 after purchasing an additional 1,111,659 shares in the last quarter. Qube Research & Technologies Ltd raised its position in The Hartford Insurance Group by 217.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 832,291 shares of the insurance provider’s stock worth $105,593,000 after purchasing an additional 570,521 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in The Hartford Insurance Group by 38.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock worth $189,427,000 after purchasing an additional 414,216 shares during the last quarter. Finally, Man Group plc lifted its holdings in The Hartford Insurance Group by 36.6% during the 2nd quarter. Man Group plc now owns 1,064,849 shares of the insurance provider’s stock worth $135,097,000 after buying an additional 285,596 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of HIG opened at $130.66 on Thursday. The stock has a market cap of $36.41 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61. The Hartford Insurance Group, Inc. has a 1 year low of $105.98 and a 1 year high of $140.50. The stock’s 50-day moving average price is $134.88 and its two-hundred day moving average price is $131.00. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period last year, the company posted $2.53 EPS. The Hartford Insurance Group’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Monday, December 29th. UBS Group lifted their price objective on The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Cantor Fitzgerald boosted their price objective on The Hartford Insurance Group from $152.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley upped their target price on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Finally, Wall Street Zen cut shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.47.

Insider Buying and Selling

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $10,595,056.92. This trade represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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.