Klein Pavlis & Peasley Financial Inc. Grows Position in The Hartford Insurance Group, Inc. (NYSE:HIG)

Klein Pavlis & Peasley Financial Inc. grew its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 43.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,300 shares of the insurance provider’s stock after acquiring an additional 6,500 shares during the quarter. The Hartford Insurance Group comprises approximately 1.9% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 19th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in The Hartford Insurance Group were worth $2,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Park Square Financial Group LLC lifted its holdings in The Hartford Insurance Group by 146.2% in the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Spurstone Advisory Services LLC purchased a new stake in shares of The Hartford Insurance Group during the fourth quarter worth about $33,000. Center for Financial Planning Inc. acquired a new position in shares of The Hartford Insurance Group in the first quarter valued at approximately $33,000. Itau Unibanco Holding S.A. acquired a new position in shares of The Hartford Insurance Group in the fourth quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

HIG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley raised their price target on The Hartford Insurance Group from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wall Street Zen raised shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays cut their price objective on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. Finally, UBS Group boosted their target price on shares of The Hartford Insurance Group from $142.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.67.

The Hartford Insurance Group Stock Down 1.2%

Shares of The Hartford Insurance Group stock opened at $122.86 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a 1-year low of $103.96 and a 1-year high of $132.09. The business’s fifty day moving average price is $125.05 and its two-hundred day moving average price is $120.61. The company has a market capitalization of $34.54 billion, a P/E ratio of 11.14, a PEG ratio of 1.23 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 earnings per share. As a group, research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 18.86%.

The Hartford Insurance Group Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.