AlphaQuest LLC Buys 10,525 Shares of The Hartford Insurance Group, Inc. $HIG

AlphaQuest LLC raised its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 48.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,271 shares of the insurance provider’s stock after acquiring an additional 10,525 shares during the period. AlphaQuest LLC’s holdings in The Hartford Insurance Group were worth $4,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in The Hartford Insurance Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,160,644 shares of the insurance provider’s stock valued at $4,714,571,000 after purchasing an additional 156,807 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of The Hartford Insurance Group by 0.8% in the second quarter. Geode Capital Management LLC now owns 7,467,018 shares of the insurance provider’s stock worth $943,448,000 after buying an additional 57,539 shares in the last quarter. Invesco Ltd. lifted its stake in shares of The Hartford Insurance Group by 2.9% in the second quarter. Invesco Ltd. now owns 4,834,472 shares of the insurance provider’s stock worth $613,349,000 after buying an additional 136,483 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of The Hartford Insurance Group by 5.3% during the third quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock valued at $570,328,000 after buying an additional 215,941 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of The Hartford Insurance Group during the second quarter valued at approximately $506,329,000. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Trading Up 1.3%

The Hartford Insurance Group stock opened at $132.35 on Friday. The Hartford Insurance Group, Inc. has a 52-week low of $105.98 and a 52-week high of $140.50. The company has a market cap of $36.88 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.06 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 business has a 50-day simple moving average of $134.83 and a two-hundred day simple moving average of $131.01.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.98. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. Analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI upped their price objective on The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Cantor Fitzgerald upped their price target on The Hartford Insurance Group from $152.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. 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 report on Monday, December 8th. Mizuho began coverage on The Hartford Insurance Group in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 target price for the company. Finally, Argus upped their target price on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $148.47.

Insider Buying and Selling at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the completion of the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at $10,595,056.92. The trade was a 31.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

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.