Crestwood Advisors Group LLC Grows Position in The Hartford Insurance Group, Inc. $HIG

Crestwood Advisors Group LLC grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 27.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,187 shares of the insurance provider’s stock after purchasing an additional 474 shares during the period. Crestwood Advisors Group LLC’s holdings in The Hartford Insurance Group were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthRock Partners LLC lifted 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 buying an additional 80 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of The Hartford Insurance Group by 3.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 85 shares in the last quarter. Wealthspire Advisors LLC raised its stake in shares of The Hartford Insurance Group by 3.2% in the 1st 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 period. BayBridge Capital Group LLC lifted its holdings in shares of The Hartford Insurance Group by 2.4% during the 2nd 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 in the last quarter. Finally, GSB Wealth Management LLC boosted its position in The Hartford Insurance Group by 2.4% during the 2nd quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider’s stock worth $488,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Up 1.1%

NYSE:HIG opened at $129.29 on Friday. The stock has a market cap of $36.03 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.70. The Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $135.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32. The business’s 50-day simple moving average is $129.49 and its 200 day simple moving average is $127.50.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data 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 return on equity of 21.07% and a net margin of 12.75%.The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the previous year, the business earned $2.53 EPS. The Hartford Insurance Group’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict 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 business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 1st. The Hartford Insurance Group’s payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley raised their price objective on The Hartford Insurance Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Evercore ISI increased their target price on The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Raymond James Financial reiterated an “outperform” rating and set a $140.00 target price (up from $135.00) on shares of The Hartford Insurance Group in a report on Friday, August 1st. Wall Street Zen lowered The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Citigroup started coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price objective for the company. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $140.14.

Insider Buying and Selling at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 7,841 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total value of $959,816.81. Following the completion of the sale, the executive vice president owned 18,400 shares of the company’s stock, valued at approximately $2,252,344. The trade was a 29.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction dated Friday, September 5th. The stock was 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. Corporate insiders own 1.60% of the company’s stock.

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.