The Hartford Insurance Group, Inc. $HIG Stock Holdings Increased by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,726 shares of the insurance provider’s stock after purchasing an additional 6,480 shares during the period. The Hartford Insurance Group accounts for 2.4% of Benson Investment Management Company Inc.’s portfolio, making the stock its 11th biggest position. Benson Investment Management Company Inc.’s holdings in The Hartford Insurance Group were worth $6,852,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC increased its position in The Hartford Insurance Group by 65.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 3,098 shares of the insurance provider’s stock valued at $427,000 after acquiring an additional 1,227 shares during the period. Merit Financial Group LLC grew its stake in shares of The Hartford Insurance Group by 11.1% in the fourth quarter. Merit Financial Group LLC now owns 11,623 shares of the insurance provider’s stock worth $1,602,000 after purchasing an additional 1,164 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of The Hartford Insurance Group by 74.6% during the fourth quarter. Private Trust Co. NA now owns 2,008 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 858 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of The Hartford Insurance Group by 9.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,756 shares of the insurance provider’s stock valued at $10,853,000 after purchasing an additional 7,064 shares in the last quarter. Finally, Childress Capital Advisors LLC raised its stake in shares of The Hartford Insurance Group by 24.8% during the fourth quarter. Childress Capital Advisors LLC now owns 2,688 shares of the insurance provider’s stock valued at $370,000 after purchasing an additional 535 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the transaction, the executive vice president owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. This represents a 61.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 100,970 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 194,817 shares in the company, valued at $27,426,337.26. This trade represents a 34.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 349,282 shares of company stock worth $48,184,324 over the last three months. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Stock Performance

NYSE HIG opened at $139.80 on Friday. The company’s fifty day moving average is $137.97 and its two-hundred day moving average is $134.57. The Hartford Insurance Group, Inc. has a 52-week low of $113.27 and a 52-week high of $144.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $38.57 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.29 and a beta of 0.53.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.52% and a return on equity of 21.92%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.94 EPS. Equities research analysts forecast 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 was paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio is presently 17.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HIG shares. Barclays reduced their price target on shares of 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. Piper Sandler upped their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. increased their price target on The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Citigroup boosted their price objective on The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.56.

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.