The Hartford Insurance Group, Inc. $HIG Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC reduced its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,077 shares of the insurance provider’s stock after selling 141 shares during the period. Interchange Capital Partners LLC’s holdings in The Hartford Insurance Group were worth $390,000 at the end of the most recent quarter.

Other institutional investors and 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% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after buying an additional 133 shares during the period. Park Square Financial Group LLC raised 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 during the period. Meeder Asset Management Inc. raised 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 during the period. Smallwood Wealth Investment Management LLC purchased a new stake in The Hartford Insurance Group in the 1st quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC purchased a new stake in The Hartford Insurance Group in the 2nd quarter valued at about $38,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Hartford Insurance Group

In other news, EVP Donald Christian Hunt sold 2,124 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings lowered shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Saturday. Wall Street Zen upgraded shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. UBS Group boosted their price target on shares of 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. Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of The Hartford Insurance Group in a research note on Tuesday, September 16th. They set a “peer perform” rating on the stock. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.07.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $125.03 on Monday. The stock has a 50 day moving average price of $130.90 and a 200 day moving average price of $126.95. 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 company has a market capitalization of $35.15 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data 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 business had revenue of $6.99 billion during the quarter, compared to the consensus estimate 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 company earned $2.50 earnings per share. Research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

About The Hartford Insurance Group

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.