Aster Capital Management DIFC Ltd Has $911,000 Holdings in The Hartford Insurance Group, Inc. $HIG

Aster Capital Management DIFC Ltd boosted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 211.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,832 shares of the insurance provider’s stock after buying an additional 4,641 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in The Hartford Insurance Group were worth $911,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake 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 valued at $26,000 after purchasing an additional 184 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth about $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in The Hartford Insurance Group by 72.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in The Hartford Insurance Group in the second quarter valued at about $35,000. Finally, Addison Advisors LLC boosted its position in The Hartford Insurance Group by 129.3% in the second quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after buying an additional 181 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insider Activity at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 100,970 shares of the stock in a transaction that occurred 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 sale, 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 stock was 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. The trade was a 31.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 343,928 shares of company stock worth $47,393,256. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HIG. Mizuho initiated coverage on The Hartford Insurance Group in a report on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 target price on the stock. Wall Street Zen lowered The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Cantor Fitzgerald raised their target price on The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Morgan Stanley lifted their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Citigroup increased their price objective on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

The Hartford Insurance Group Stock Down 0.1%

Shares of NYSE HIG opened at $140.91 on Friday. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The firm’s 50-day moving average is $137.07 and its 200-day moving average is $133.34. 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 firm has a market capitalization of $38.87 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The Hartford Insurance Group’s revenue was up 6.7% compared to the same quarter last year. Equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is 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 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.