Cullen Frost Bankers Inc. Has $979,000 Stock Position in The Hartford Insurance Group, Inc. $HIG

Cullen Frost Bankers Inc. boosted its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,719 shares of the insurance provider’s stock after buying an additional 549 shares during the period. Cullen Frost Bankers Inc.’s holdings in The Hartford Insurance Group were worth $979,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Private Wealth Management Group LLC raised its holdings in The Hartford Insurance Group by 151.1% during the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after buying an additional 133 shares during the period. 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. Meeder Asset Management Inc. raised its holdings in shares of 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 during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of The Hartford Insurance Group in the first quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of The Hartford Insurance Group in the second quarter valued at approximately $38,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $125.05 on Friday. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. 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 firm has a fifty day simple moving average of $131.01 and a 200 day simple moving average of $126.66. The stock has a market capitalization of $35.16 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last released 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 business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $7.02 billion. During the same period last year, the business earned $2.50 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Insider Buying and Selling 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 on Friday, September 5th. The shares were 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 can be accessed through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction on Monday, August 4th. The stock was 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 of the company’s stock, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted 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 report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of The Hartford Insurance Group in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Evercore ISI lifted 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 report on Wednesday, October 1st. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Citigroup assumed coverage on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.