The Hartford Insurance Group, Inc. $HIG Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.0% during the second quarter, Holdings Channel reports. The firm owned 37,664 shares of the insurance provider’s stock after acquiring an additional 3,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in The Hartford Insurance Group were worth $4,778,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of HIG. Woodline Partners LP increased its holdings in shares of The Hartford Insurance Group by 28,218.5% in the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock worth $93,763,000 after acquiring an additional 755,128 shares during the period. Nuveen LLC acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter worth about $87,516,000. Bahl & Gaynor Inc. increased its holdings in shares of The Hartford Insurance Group by 47.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock worth $264,972,000 after acquiring an additional 684,390 shares during the period. Amundi increased its holdings in shares of The Hartford Insurance Group by 27.4% in the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after acquiring an additional 417,951 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of The Hartford Insurance Group by 38.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock worth $189,427,000 after acquiring an additional 414,216 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Donald Christian Hunt sold 2,124 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of the company’s 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 $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Stock Up 0.8%

The Hartford Insurance Group stock opened at $123.36 on Friday. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.19 and a beta of 0.69. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $130.20 and its two-hundred day moving average price is $127.08. 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 issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the company earned $2.53 EPS. The Hartford Insurance Group’s revenue was up 7.1% on a year-over-year basis. On average, analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend 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 is currently 16.99%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler increased their price objective 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. Wall Street Zen raised shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Wells Fargo & Company dropped their price objective on shares of The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday. Wolfe Research began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Citigroup began coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $138.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $139.57.

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.