CPC Advisors LLC Has $7.49 Million Stock Position in The Hartford Insurance Group, Inc. $HIG

CPC Advisors LLC boosted its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 10.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,383 shares of the insurance provider’s stock after buying an additional 5,005 shares during the period. CPC Advisors LLC’s holdings in The Hartford Insurance Group were worth $7,494,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in The Hartford Insurance Group by 16.7% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 342,148 shares of the insurance provider’s stock valued at $47,074,000 after acquiring an additional 48,851 shares in the last quarter. Breachway Investments LLC bought a new stake in The Hartford Insurance Group in the 4th quarter valued at approximately $209,000. Evergreen Capital Management LLC lifted its stake in The Hartford Insurance Group by 136.3% in the 4th quarter. Evergreen Capital Management LLC now owns 9,168 shares of the insurance provider’s stock valued at $1,267,000 after acquiring an additional 5,288 shares in the last quarter. Earned Wealth Advisors LLC bought a new stake in The Hartford Insurance Group in the 4th quarter valued at approximately $666,000. Finally, Sterling Investment Counsel LLC bought a new stake in The Hartford Insurance Group in the 4th quarter valued at approximately $354,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup boosted their target price on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their target price 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. Barclays cut their target price on The Hartford Insurance Group from $162.00 to $159.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Roth Mkm boosted their target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.56.

Insider Buying and Selling

In related news, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction that occurred 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 directly owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 201,938 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $136.41, for a total value of $27,546,362.58. Following the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at $26,574,986.97. The trade was a 50.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 349,282 shares of company stock worth $48,184,324 over the last three months. 1.60% of the stock is owned by insiders.

The Hartford Insurance Group Stock Up 0.2%

HIG stock opened at $139.23 on Wednesday. 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 firm has a market capitalization of $38.41 billion, a PE ratio of 10.44, a PEG ratio of 1.29 and a beta of 0.53. The Hartford Insurance Group, Inc. has a 1-year low of $115.68 and a 1-year high of $144.50. The business’s 50 day simple moving average is $137.91 and its 200 day simple moving average is $134.67.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The business 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 firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.94 EPS. As a group, research analysts anticipate that The Hartford Insurance Group, Inc. will post 13.35 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 2nd were issued a dividend of $0.60 per share. 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 payout ratio is presently 17.99%.

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.