United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Reduces Stock Holdings in The Hartford Insurance Group, Inc. (NYSE:HIG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 15.1% in the 1st quarter, Holdings Channel reports. The fund owned 6,200 shares of the insurance provider’s stock after selling 1,100 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in The Hartford Insurance Group were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Park Square Financial Group LLC increased its position in shares of The Hartford Insurance Group by 146.2% in the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock valued at $32,000 after buying an additional 155 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in shares of The Hartford Insurance Group during the 1st quarter valued at approximately $33,000. Meeder Asset Management Inc. grew its stake in The Hartford Insurance Group by 123.8% in the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 161 shares during the period. Spurstone Advisory Services LLC purchased a new stake in The Hartford Insurance Group in the 4th quarter worth $33,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in The Hartford Insurance Group in the 1st quarter worth $37,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Trading Down 1.2%

Shares of HIG stock opened at $122.86 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The Hartford Insurance Group, Inc. has a twelve month low of $103.96 and a twelve month high of $132.09. The company’s 50-day moving average price is $125.05 and its 200-day moving average price is $120.61. The stock has a market cap of $34.54 billion, a price-to-earnings 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 earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period in the previous year, the business posted $2.50 EPS. The Hartford Insurance Group’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio is presently 18.86%.

Analyst Ratings Changes

Several equities analysts have issued reports on HIG shares. UBS Group increased their price objective 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. JPMorgan Chase & Co. lifted their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley boosted 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 report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price objective on The Hartford Insurance Group from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $135.67.

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.