Andra AP fonden Buys 9,400 Shares of The Hartford Insurance Group, Inc. $HIG

Andra AP fonden raised its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 20.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,300 shares of the insurance provider’s stock after buying an additional 9,400 shares during the quarter. Andra AP fonden’s holdings in The Hartford Insurance Group were worth $7,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HIG. Cornerstone Planning Group LLC boosted its stake in The Hartford Insurance Group by 707.7% in the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 184 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in The Hartford Insurance Group in the third quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC boosted its stake 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 worth $30,000 after acquiring an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of The Hartford Insurance Group during the second quarter worth $35,000. Finally, Addison Advisors LLC grew its stake 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 acquiring an additional 181 shares during the period. Institutional investors own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HIG. UBS Group raised their price target on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Cantor Fitzgerald upped their price objective 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. Citigroup raised their target price on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Mizuho initiated coverage on The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.13.

Insider Buying and Selling

In related news, EVP Lori A. Rodden sold 5,681 shares of the stock in a transaction dated Wednesday, February 11th. The stock was 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 of the company’s stock, valued at approximately $2,609,672. This represents a 23.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Swift sold 201,938 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $26,574,986.97. The trade was a 50.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, 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 Price Performance

Shares of NYSE:HIG opened at $140.69 on Friday. The Hartford Insurance Group, Inc. has a twelve month low of $107.49 and a twelve month high of $144.50. The firm has a market capitalization of $38.81 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 1.37 and a beta of 0.61. The stock’s 50 day moving average is $137.11 and its 200-day moving average is $133.45. The company has a quick ratio of 0.32, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.84. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The Hartford Insurance Group’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.94 earnings per share. Sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s dividend 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.