Thrivent Financial for Lutherans Reduces Holdings in The Hartford Insurance Group, Inc. $HIG

Thrivent Financial for Lutherans lowered its position in The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 21.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,793 shares of the insurance provider’s stock after selling 7,798 shares during the period. Thrivent Financial for Lutherans’ holdings in The Hartford Insurance Group were worth $3,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIG. National Pension Service boosted its holdings in The Hartford Insurance Group by 6.7% in the 3rd quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock valued at $67,973,000 after purchasing an additional 31,912 shares during the last quarter. Nordea Investment Management AB raised its position in shares of The Hartford Insurance Group by 5.3% during the 3rd quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock valued at $570,328,000 after buying an additional 215,941 shares during the period. New York State Common Retirement Fund lifted its holdings in The Hartford Insurance Group by 12.0% in the second quarter. New York State Common Retirement Fund now owns 209,238 shares of the insurance provider’s stock valued at $26,546,000 after acquiring an additional 22,500 shares during the last quarter. Capital Fund Management S.A. grew its position in The Hartford Insurance Group by 94.9% in the second quarter. Capital Fund Management S.A. now owns 140,342 shares of the insurance provider’s stock worth $17,805,000 after acquiring an additional 68,351 shares during the period. Finally, Vest Financial LLC increased its stake in The Hartford Insurance Group by 7.5% during the third quarter. Vest Financial LLC now owns 358,916 shares of the insurance provider’s stock worth $47,876,000 after acquiring an additional 25,041 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group News Roundup

Here are the key news stories impacting The Hartford Insurance Group this week:

Analyst Ratings Changes

Several brokerages have recently commented on HIG. Evercore upped their price target on The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada initiated coverage on shares of The Hartford Insurance Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price objective on the stock. Argus increased their target price on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

Get Our Latest Research Report on HIG

Insider Buying and Selling at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher Swift sold 201,938 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the completion of the sale, the chief executive officer directly owned 194,817 shares in the company, valued at approximately $26,574,986.97. This trade represents a 50.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 338,247 shares of company stock valued at $46,587,520 over the last three months. 1.60% of the stock is currently owned by insiders.

The Hartford Insurance Group Trading Up 0.2%

NYSE HIG opened at $142.64 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The firm has a market cap of $39.75 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.10 and a beta of 0.61. The firm has a 50 day simple moving average of $135.10 and a 200-day simple moving average of $131.87. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last released its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $2.94 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

About The Hartford Insurance Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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