Koshinski Asset Management Inc. Purchases 139 Shares of The Hartford Insurance Group, Inc. $HIG

Koshinski Asset Management Inc. raised its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,191 shares of the insurance provider’s stock after acquiring an additional 139 shares during the period. Koshinski Asset Management Inc.’s holdings in The Hartford Insurance Group were worth $278,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HIG. Woodline Partners LP lifted its stake in The Hartford Insurance Group by 28,218.5% during the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock valued at $93,763,000 after acquiring an additional 755,128 shares in the last quarter. Nuveen LLC bought a new position in The Hartford Insurance Group during the 1st quarter valued at $87,516,000. Bahl & Gaynor Inc. lifted its stake in The Hartford Insurance Group by 47.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock valued at $264,972,000 after acquiring an additional 684,390 shares in the last quarter. Amundi lifted its stake in The Hartford Insurance Group by 27.4% during the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock valued at $239,905,000 after acquiring an additional 417,951 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in The Hartford Insurance Group by 38.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock valued at $189,427,000 after acquiring an additional 414,216 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HIG has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $140.00 price objective (up from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. UBS Group raised their target price on The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Wednesday, October 8th. Wolfe Research assumed coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Finally, Cantor Fitzgerald assumed coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.07.

The Hartford Insurance Group Stock Down 0.5%

HIG stock opened at $123.84 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $34.82 billion, a PE ratio of 11.23, a PEG ratio of 1.20 and a beta of 0.69. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The stock has a 50-day simple moving average of $131.34 and a two-hundred day simple moving average of $126.57.

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 analysts’ consensus estimates of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 EPS. On average, equities 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, October 2nd. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. The Hartford Insurance Group’s payout ratio is presently 18.86%.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction dated 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 sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Company 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.