Hunter Perkins Capital Management LLC Has $6.96 Million Stake in The Hartford Insurance Group, Inc. $HIG

Hunter Perkins Capital Management LLC lifted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,611 shares of the insurance provider’s stock after buying an additional 105 shares during the period. The Hartford Insurance Group comprises about 1.6% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Hunter Perkins Capital Management LLC’s holdings in The Hartford Insurance Group were worth $6,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HIG. Park Square Financial Group LLC raised its holdings 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 purchasing an additional 155 shares during the last quarter. Center for Financial Planning Inc. acquired a new position in The Hartford Insurance Group during the first quarter worth $33,000. Meeder Asset Management Inc. grew its position in The Hartford Insurance Group by 123.8% in the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 161 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in The Hartford Insurance Group in the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of The Hartford Insurance Group during the 2nd quarter worth about $38,000. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Up 0.4%

Shares of HIG opened at $133.51 on Monday. The firm has a 50 day simple moving average of $130.65 and a two-hundred day simple moving average of $126.02. 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 one year low of $104.93 and a one year high of $135.17. The company has a market cap of $37.54 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.29 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter last year, the company posted $2.50 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The Hartford Insurance Group’s payout ratio is 18.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HIG shares. Weiss Ratings reissued a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Saturday, September 27th. Citigroup assumed coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $138.00 price objective on the stock. Wells Fargo & Company raised their price target on The Hartford Insurance Group from $138.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on The Hartford Insurance Group from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Finally, Cantor Fitzgerald began coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.93.

Insider Buying and Selling

In related news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the completion of the transaction, the chief financial officer owned 77,574 shares of the company’s stock, valued at $9,580,389. This represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.