The Hartford Insurance Group, Inc. $HIG Shares Purchased by Avanza Fonder AB

Avanza Fonder AB raised its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,193 shares of the insurance provider’s stock after acquiring an additional 5,411 shares during the quarter. Avanza Fonder AB’s holdings in The Hartford Insurance Group were worth $3,196,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of The Hartford Insurance Group during the 2nd quarter worth $506,329,000. Danske Bank A S acquired a new stake in The Hartford Insurance Group in the third quarter valued at $91,398,000. Balyasny Asset Management L.P. lifted its holdings 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 buying an additional 633,592 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in The Hartford Insurance Group by 217.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 832,291 shares of the insurance provider’s stock worth $105,593,000 after buying an additional 570,521 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its position in shares of The Hartford Insurance Group by 208.2% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 799,973 shares of the insurance provider’s stock worth $106,708,000 after acquiring an additional 540,445 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIG has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Mizuho started coverage on The Hartford Insurance Group in a report on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price target for the company. Roth Mkm increased their price target on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Argus raised their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Citigroup boosted their price objective on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $135.40 on Wednesday. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50. The stock has a market capitalization of $37.35 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.32 and a beta of 0.60. The company has a 50-day simple moving average of $136.72 and a 200-day simple moving average of $133.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $2.94 earnings per share. On average, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is 17.99%.

Insider Buying and Selling at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 201,938 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the completion of the sale, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at $26,574,986.97. This trade represents a 50.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction on Friday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 384,621 shares of company stock worth $53,010,925. 1.60% of the stock is currently owned by insiders.

The Hartford Insurance Group 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.