Advisors Asset Management Inc. Buys 3,884 Shares of The Hartford Insurance Group, Inc. $HIG

Advisors Asset Management Inc. raised its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 15.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,716 shares of the insurance provider’s stock after buying an additional 3,884 shares during the quarter. Advisors Asset Management Inc.’s holdings in The Hartford Insurance Group were worth $3,964,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in shares of The Hartford Insurance Group by 707.7% in 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 during the last quarter. Princeton Global Asset Management LLC bought a new stake in The Hartford Insurance Group during the 3rd quarter valued at about $27,000. Private Wealth Management Group LLC raised its holdings in The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after buying an additional 133 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in shares of The Hartford Insurance Group by 72.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after buying an additional 99 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of The Hartford Insurance Group in the second quarter worth approximately $35,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HIG shares. Wall Street Zen lowered shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley boosted their price target 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. Wells Fargo & Company upped their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods increased their price objective on The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 5,681 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total transaction of $805,736.23. Following the sale, the executive vice president owned 18,400 shares in the company, valued at approximately $2,609,672. This trade represents a 23.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of The Hartford Insurance Group stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $10,595,056.92. This represents a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 343,928 shares of company stock valued at $47,393,256. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Down 0.5%

Shares of HIG stock opened at $141.18 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group, Inc. has a 12 month low of $107.49 and a 12 month high of $144.50. The stock has a market cap of $39.34 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.09 and a beta of 0.61. The company has a 50 day simple moving average of $135.93 and a two-hundred day simple moving average of $132.38.

The Hartford Insurance Group (NYSE:HIG) last issued 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 firm had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.94 EPS. On average, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group 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.