Asset Management One Co. Ltd. Decreases Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Asset Management One Co. Ltd. reduced its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.8% in the 2nd quarter, Holdings Channel reports. The firm owned 150,555 shares of the insurance provider’s stock after selling 1,220 shares during the quarter. Asset Management One Co. Ltd.’s holdings in The Hartford Insurance Group were worth $19,101,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC raised its stake in The Hartford Insurance Group by 151.1% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 133 shares during the last quarter. Park Square Financial Group LLC raised its stake 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 purchasing an additional 155 shares during the last quarter. Meeder Asset Management Inc. raised its stake 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 purchasing an additional 161 shares during 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. Finally, Signature Resources Capital Management LLC acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at $38,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,340 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Cantor Fitzgerald assumed coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price objective for the company. Citigroup initiated coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 target price for the company. Evercore ISI raised their target price on The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Wall Street Zen raised The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, UBS Group raised their target price on The Hartford Insurance Group from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.07.

The Hartford Insurance Group Stock Performance

NYSE HIG opened at $125.03 on Friday. The stock has a market cap of $35.15 billion, a PE ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.69. 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 Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The stock has a fifty day simple moving average of $130.90 and a 200-day simple moving average of $126.88.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.58. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations 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 revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 EPS. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

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.