Apollon Wealth Management LLC Boosts Stock Position in The Hartford Insurance Group, Inc. $HIG

Apollon Wealth Management LLC lifted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 165.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,593 shares of the insurance provider’s stock after buying an additional 5,979 shares during the quarter. Apollon Wealth Management LLC’s holdings in The Hartford Insurance Group were worth $1,322,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Piper Sandler boosted their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Mizuho assumed coverage on The Hartford Insurance Group in a research note on Tuesday, December 16th. They set an “outperform” rating and a $160.00 target price for the company. Evercore boosted their target price on The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Finally, Roth Mkm boosted their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.56.

The Hartford Insurance Group Trading Down 0.2%

NYSE:HIG opened at $138.84 on Wednesday. The stock has a 50-day simple moving average of $138.15 and a 200-day simple moving average of $134.46. The stock has a market cap of $38.30 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.35 and a beta of 0.53. The Hartford Insurance Group, Inc. has a 1 year low of $113.27 and a 1 year high of $144.50. 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 data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.84. The business had revenue of $7.31 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 business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.94 EPS. As a group, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 2nd were given 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 dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is 17.99%.

Insider Transactions at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 40,693 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Swift sold 100,970 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were 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 directly owned 194,817 shares of the company’s stock, valued at approximately $27,426,337.26. This trade represents a 34.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 349,282 shares of company stock valued at $48,184,324. Insiders own 1.60% of the company’s stock.

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.