Focus Partners Advisor Solutions LLC Decreases Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Focus Partners Advisor Solutions LLC decreased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,475 shares of the insurance provider’s stock after selling 532 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in The Hartford Insurance Group were worth $694,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. NorthRock Partners LLC increased its position in The Hartford Insurance Group by 2.6% during the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after acquiring an additional 80 shares during the last quarter. Wayfinding Financial LLC increased its position in The Hartford Insurance Group by 3.0% during the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider’s stock valued at $355,000 after acquiring an additional 84 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in The Hartford Insurance Group by 3.6% during the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 85 shares during the last quarter. Wealthspire Advisors LLC increased its position in The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock valued at $356,000 after acquiring an additional 88 shares during the last quarter. Finally, BayBridge Capital Group LLC increased its position in The Hartford Insurance Group by 2.4% during the second quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock valued at $479,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

HIG has been the topic of a number of analyst reports. Citigroup initiated coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $138.00 price objective on the stock. Barclays cut their price target on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Saturday. Piper Sandler upped their price target on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.07.

Insider Activity

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. This represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is owned by corporate insiders.

The Hartford Insurance Group Stock Down 1.7%

Shares of The Hartford Insurance Group stock opened at $122.80 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $135.17. The firm’s 50-day moving average is $130.62 and its two-hundred day moving average is $127.07. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.21 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.55%. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the prior year, the business earned $2.53 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 18.86%.

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.