Profund Advisors LLC Sells 400 Shares of The Hartford Insurance Group, Inc. $HIG

Profund Advisors LLC lessened its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,627 shares of the insurance provider’s stock after selling 400 shares during the quarter. Profund Advisors LLC’s holdings in The Hartford Insurance Group were worth $460,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Stephens Inc. AR raised its position in shares of The Hartford Insurance Group by 0.7% during the first quarter. Stephens Inc. AR now owns 19,087 shares of the insurance provider’s stock valued at $2,362,000 after buying an additional 138 shares during the last quarter. CWM LLC increased its holdings in The Hartford Insurance Group by 1.9% in the 1st quarter. CWM LLC now owns 15,129 shares of the insurance provider’s stock valued at $1,872,000 after acquiring an additional 284 shares during the last quarter. Florida Financial Advisors LLC purchased a new stake in The Hartford Insurance Group in the 1st quarter worth $209,000. Edgestream Partners L.P. bought a new position in shares of The Hartford Insurance Group during the 1st quarter valued at about $528,000. Finally, Signaturefd LLC grew its position in shares of The Hartford Insurance Group by 2.2% during the first quarter. Signaturefd LLC now owns 6,151 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 131 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HIG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Evercore ISI upped their price objective on The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. UBS Group raised their target price on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Citigroup initiated 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 target on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.14.

The Hartford Insurance Group Price Performance

HIG stock opened at $132.63 on Thursday. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. 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 has a 50-day moving average price of $129.44 and a 200 day moving average price of $127.83. The stock has a market cap of $36.96 billion, a PE ratio of 10.84, a P/E/G ratio of 1.19 and a beta of 0.69.

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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the company posted $2.53 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, December 1st. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 19.61%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the company’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 transaction, the executive vice president owned 18,400 shares of the company’s stock, valued at $2,252,344. This represents a 29.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total value of $284,339.88. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is owned by insiders.

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.