The Hartford Insurance Group, Inc. $HIG Shares Acquired by Aviva PLC

Aviva PLC grew its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 217,567 shares of the insurance provider’s stock after acquiring an additional 12,195 shares during the quarter. Aviva PLC’s holdings in The Hartford Insurance Group were worth $27,603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. NorthRock Partners LLC boosted its holdings in The Hartford Insurance Group by 2.6% in the first quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 80 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of The Hartford Insurance Group by 3.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after buying an additional 85 shares during the last quarter. Wealthspire Advisors LLC raised its stake in The Hartford Insurance Group by 3.2% during the 1st quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after acquiring an additional 88 shares in the last quarter. BayBridge Capital Group LLC lifted its position in The Hartford Insurance Group by 2.4% in 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. Finally, GSB Wealth Management LLC boosted its stake in The Hartford Insurance Group by 2.4% in the second quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider’s stock valued at $488,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In related news, EVP Donald Christian Hunt sold 2,124 shares of the firm’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 value of $284,339.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lori A. Rodden sold 7,841 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the sale, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. The trade was a 29.88% 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 company insiders.

Analysts Set New Price Targets

HIG has been the topic of a number of research analyst reports. Evercore ISI lifted 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 report on Wednesday, October 1st. Cantor Fitzgerald began coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price target on the stock. Wolfe Research assumed coverage on The Hartford Insurance Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Wall Street Zen lowered shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, UBS Group upped their price target on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.14.

The Hartford Insurance Group Trading Up 1.1%

Shares of HIG stock opened at $129.29 on Monday. The business’s fifty day moving average price is $129.49 and its 200 day moving average price is $127.62. The firm has a market capitalization of $36.03 billion, a PE ratio of 10.56, a P/E/G ratio of 1.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 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 Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, topping the consensus estimate of $3.02 by $0.76. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 EPS. As a group, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 annualized dividend and a yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 19.61%.

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.