The Hartford Insurance Group, Inc. $HIG Stake Decreased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 150,700 shares of the insurance provider’s stock after selling 770 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in The Hartford Insurance Group were worth $19,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HIG. Park Square Financial Group LLC raised its holdings in shares of The Hartford Insurance Group by 146.2% during 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 during the last quarter. Center for Financial Planning Inc. bought a new stake in shares of The Hartford Insurance Group during the first quarter valued at approximately $33,000. Meeder Asset Management Inc. raised its holdings 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 last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of The Hartford Insurance Group during the first quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of The Hartford Insurance Group during the second quarter valued at approximately $38,000. Institutional investors own 93.42% of the company’s stock.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $9,580,389. The trade was a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction that occurred 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. Insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Trading Up 0.3%

The Hartford Insurance Group stock opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.20 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $135.17. The firm’s 50 day moving average price is $131.43 and its two-hundred day moving average price is $126.48.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.58. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.50 earnings per share. On average, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd were given a $0.52 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.08 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s payout ratio is 18.86%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HIG. Cantor Fitzgerald started coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price target on the stock. Evercore ISI raised their price objective on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their price objective on shares of The Hartford Insurance Group from $139.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.07.

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.