The Hartford Insurance Group, Inc. $HIG Shares Purchased by Aberdeen Group plc

Aberdeen Group plc boosted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,502 shares of the insurance provider’s stock after buying an additional 81,303 shares during the period. Aberdeen Group plc owned 0.13% of The Hartford Insurance Group worth $49,126,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HIG. Ashton Thomas Private Wealth LLC purchased a new stake in shares of The Hartford Insurance Group in the first quarter valued at about $207,000. Lido Advisors LLC grew its stake in shares of The Hartford Insurance Group by 30.6% in the 2nd quarter. Lido Advisors LLC now owns 7,537 shares of the insurance provider’s stock valued at $960,000 after purchasing an additional 1,764 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of The Hartford Insurance Group in the second quarter valued at approximately $236,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of The Hartford Insurance Group during the second quarter worth approximately $46,000. Finally, CW Advisors LLC lifted its holdings in shares of The Hartford Insurance Group by 4.8% during the second quarter. CW Advisors LLC now owns 2,663 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 123 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HIG shares. Evercore boosted their price objective on shares of 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. Mizuho initiated coverage on shares of 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. Piper Sandler increased their price target on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings upgraded shares of 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 increased their target price on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.25.

Insider Buying and Selling at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction dated Monday, February 2nd. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the transaction, the executive vice president directly owned 25,392 shares of the company’s stock, valued at $3,505,365.60. The trade was a 61.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 349,282 shares of company stock valued at $48,184,324 in the last three months. 1.50% of the stock is currently owned by company insiders.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $136.24 on Friday. 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 $37.58 billion, a P/E ratio of 10.21, a PEG ratio of 1.32 and a beta of 0.53. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $137.51 and a two-hundred day moving average of $134.09.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS 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 earned $2.94 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, March 2nd. 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.