Christopher Swift Sells 100,970 Shares of The Hartford Insurance Group (NYSE:HIG) Stock

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) CEO Christopher Swift sold 100,970 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total value of $14,214,556.60. Following the sale, the chief executive officer directly owned 194,817 shares in the company, valued at approximately $27,426,337.26. This trade represents a 34.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Christopher Swift also recently made the following trade(s):

  • On Monday, February 2nd, Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock. The shares were sold at an average price of $136.41, for a total transaction of $27,546,362.58.

The Hartford Insurance Group Stock Up 0.2%

HIG opened at $142.64 on Friday. The Hartford Insurance Group, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $144.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.10 and a beta of 0.61. The company has a fifty day moving average of $135.10 and a two-hundred day moving average of $131.80.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The company had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The Hartford Insurance Group’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 EPS. On average, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in The Hartford Insurance Group by 286,241.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock valued at $10,178,152,000 after purchasing an additional 73,835,976 shares in the last quarter. Norges Bank purchased a new stake in shares of The Hartford Insurance Group during the second quarter worth approximately $506,329,000. Franklin Resources Inc. raised its position in The Hartford Insurance Group by 51.5% during the 2nd quarter. Franklin Resources Inc. now owns 3,268,166 shares of the insurance provider’s stock worth $414,632,000 after buying an additional 1,111,659 shares during the last quarter. Danske Bank A S purchased a new position in The Hartford Insurance Group during the third quarter worth about $91,398,000. Finally, Balyasny Asset Management L.P. increased its position in The Hartford Insurance Group by 6,431.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 643,443 shares of the insurance provider’s stock worth $85,829,000 after purchasing an additional 633,592 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the subject of a number of research analyst reports. Mizuho assumed coverage on The Hartford Insurance Group in a report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 target price for the company. Argus boosted their price target on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Wall Street Zen cut The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Citigroup upped their target price on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Royal Bank Of Canada assumed coverage on The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

Check Out Our Latest Report on HIG

More The Hartford Insurance Group News

Here are the key news stories impacting The Hartford Insurance Group this week:

About The Hartford Insurance Group

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for The Hartford Insurance Group (NYSE:HIG)

Receive News & Ratings for The Hartford Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.