Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in The Hartford Insurance Group, Inc. $HIG

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,756 shares of the insurance provider’s stock after purchasing an additional 7,064 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in The Hartford Insurance Group were worth $10,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HIG. Ashton Thomas Private Wealth LLC purchased a new stake in The Hartford Insurance Group during the 1st quarter worth approximately $207,000. NewEdge Advisors LLC increased its holdings in The Hartford Insurance Group by 1.6% during the 2nd quarter. NewEdge Advisors LLC now owns 56,140 shares of the insurance provider’s stock worth $7,122,000 after purchasing an additional 886 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in The Hartford Insurance Group by 3.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 167,868 shares of the insurance provider’s stock worth $21,297,000 after purchasing an additional 6,285 shares during the last quarter. HUB Investment Partners LLC increased its holdings in The Hartford Insurance Group by 9.8% during the 2nd quarter. HUB Investment Partners LLC now owns 6,919 shares of the insurance provider’s stock worth $878,000 after purchasing an additional 619 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in The Hartford Insurance Group by 25.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 193,020 shares of the insurance provider’s stock worth $24,488,000 after purchasing an additional 39,220 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Trading Down 0.0%

NYSE:HIG opened at $139.80 on Monday. The Hartford Insurance Group, Inc. has a 12-month low of $113.27 and a 12-month high of $144.50. The firm has a market capitalization of $38.57 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.30 and a beta of 0.53. 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 business has a 50 day simple moving average of $137.97 and a 200 day simple moving average of $134.59.

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, beating analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders 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 yield of 1.7%. The ex-dividend date was Monday, March 2nd. The Hartford Insurance Group’s payout ratio is 17.99%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the business’s 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 transaction, the chief executive officer owned 194,817 shares in the company, valued at approximately $26,574,986.97. The trade was a 50.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 25,392 shares of the company’s stock, valued at $3,505,365.60. This trade represents a 61.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 349,282 shares of company stock valued at $48,184,324 in the last quarter. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on HIG shares. JPMorgan Chase & Co. lifted their target price on The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. Citigroup lifted their target price on 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. Bank of America lifted their target price on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company boosted their price objective on The Hartford Insurance Group from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Two 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.