The Hartford Insurance Group, Inc. $HIG Holdings Lifted by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,266 shares of the insurance provider’s stock after purchasing an additional 4,090 shares during the quarter. Deprince Race & Zollo Inc. owned 0.10% of The Hartford Insurance Group worth $37,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC lifted its stake in The Hartford Insurance Group by 707.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 184 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth about $29,000. Finally, United Financial Planning Group LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $137.36 on Monday. The Hartford Insurance Group, Inc. has a 1-year low of $112.81 and a 1-year high of $144.50. The firm has a market capitalization of $37.89 billion, a PE ratio of 10.30, a PEG ratio of 1.33 and a beta of 0.53. The business’s 50 day moving average is $138.10 and its 200-day moving average is $134.36. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.84. The company 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 Hartford Insurance Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.94 EPS. Sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The Hartford Insurance Group’s payout ratio is currently 17.99%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HIG. Mizuho began coverage on The Hartford Insurance Group in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price target for the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $149.00 price target (down from $163.00) on shares of The Hartford Insurance Group in a research note on Monday, March 30th. Barclays lowered their price target on The Hartford Insurance Group from $162.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings raised The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 13th. Finally, Piper Sandler boosted their price target on The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

Insiders Place Their Bets

In related news, CEO Christopher Swift sold 100,970 shares of the company’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 completion of the sale, the chief executive officer owned 194,817 shares in the company, valued at approximately $27,426,337.26. This represents a 34.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lori A. Rodden sold 40,693 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the completion of the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at $3,505,365.60. This represents a 61.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 349,282 shares of company stock valued at $48,184,324. 1.60% of the stock is currently owned by corporate insiders.

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.