Harbour Investments Inc. Acquires 926 Shares of The Hartford Insurance Group, Inc. $HIG

Harbour Investments Inc. lifted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 220.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,346 shares of the insurance provider’s stock after acquiring an additional 926 shares during the quarter. Harbour Investments Inc.’s holdings in The Hartford Insurance Group were worth $171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC grew 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 buying an additional 155 shares in the last quarter. Meeder Asset Management Inc. grew its holdings 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 buying an additional 161 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in The Hartford Insurance Group in the 1st quarter valued at $37,000. Signature Resources Capital Management LLC acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at $38,000. Finally, Golden State Wealth Management LLC grew its holdings in The Hartford Insurance Group by 167.8% in the 1st quarter. Golden State Wealth Management LLC now owns 316 shares of the insurance provider’s stock valued at $39,000 after buying an additional 198 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 a number of research reports. Cantor Fitzgerald initiated coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price objective on the stock. Citigroup initiated coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Wall Street Zen upgraded The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, UBS Group upped 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.07.

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $124.98 on Thursday. 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 Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $135.17. The stock has a market capitalization of $35.14 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. The stock has a fifty day moving average of $131.14 and a 200-day moving average of $126.55.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.02 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. The Hartford Insurance Group’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the transaction, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at $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 currently owned by 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.