American Century Companies Inc. Purchases 25,232 Shares of The Hartford Insurance Group, Inc. $HIG

American Century Companies Inc. grew its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 981,132 shares of the insurance provider’s stock after purchasing an additional 25,232 shares during the period. American Century Companies Inc. owned about 0.35% of The Hartford Insurance Group worth $130,873,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HIG. Quantbot Technologies LP purchased a new stake in The Hartford Insurance Group in the third quarter worth approximately $3,145,000. Aster Capital Management DIFC Ltd boosted its stake in shares of The Hartford Insurance Group by 211.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 6,832 shares of the insurance provider’s stock valued at $911,000 after purchasing an additional 4,641 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of The Hartford Insurance Group by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 63,140 shares of the insurance provider’s stock valued at $8,422,000 after purchasing an additional 3,878 shares in the last quarter. Generali Investments Management Co LLC grew its holdings in shares of The Hartford Insurance Group by 79.1% during the 3rd quarter. Generali Investments Management Co LLC now owns 847 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 374 shares during the last quarter. Finally, Andra AP fonden raised its position in The Hartford Insurance Group by 20.5% in the 3rd quarter. Andra AP fonden now owns 55,300 shares of the insurance provider’s stock worth $7,376,000 after purchasing an additional 9,400 shares during the period. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Down 0.3%

Shares of The Hartford Insurance Group stock opened at $140.69 on Monday. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The company has a 50-day moving average of $137.11 and a 200 day moving average of $133.47. The firm has a market cap of $38.81 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 1.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31.

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

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio is 17.99%.

Insider Activity 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 dated Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total transaction of $805,736.23. Following the completion of the sale, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of The Hartford Insurance Group 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 $10,595,056.92. This trade represents a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 343,928 shares of company stock valued at $47,393,256. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on HIG. Morgan Stanley upped their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Piper Sandler increased their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Mizuho assumed coverage on The Hartford Insurance Group in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price target on the stock. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company raised their target price on shares of The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.13.

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.