Vise Technologies Inc. Boosts Stock Position in The Hartford Insurance Group, Inc. $HIG

Vise Technologies Inc. grew its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,751 shares of the insurance provider’s stock after buying an additional 5,643 shares during the period. Vise Technologies Inc.’s holdings in The Hartford Insurance Group were worth $2,860,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its position in shares of The Hartford Insurance Group by 19.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 66,603 shares of the insurance provider’s stock valued at $9,178,000 after buying an additional 10,832 shares in the last quarter. TD Asset Management Inc lifted its position in shares of The Hartford Insurance Group by 3.3% during the 4th quarter. TD Asset Management Inc now owns 364,097 shares of the insurance provider’s stock valued at $50,173,000 after buying an additional 11,571 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of The Hartford Insurance Group by 272.6% during the 4th quarter. Cibc World Market Inc. now owns 127,528 shares of the insurance provider’s stock valued at $17,573,000 after buying an additional 93,306 shares in the last quarter. Lido Advisors LLC lifted its position in shares of The Hartford Insurance Group by 5.3% during the 4th quarter. Lido Advisors LLC now owns 8,862 shares of the insurance provider’s stock valued at $1,191,000 after buying an additional 446 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in shares of The Hartford Insurance Group by 69.5% during the 4th quarter. REAP Financial Group LLC now owns 1,339 shares of the insurance provider’s stock valued at $185,000 after buying an additional 549 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HIG. Weiss Ratings cut The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Cantor Fitzgerald lowered their price target on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company lowered their price target on The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho lowered their price target on The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday. Finally, UBS Group lowered their price target on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, The Hartford Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $148.19.

Get Our Latest Analysis on The Hartford Insurance Group

Insider Activity at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the sale, the president directly owned 38,208 shares of the company’s stock, valued at $5,163,047.04. This represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Lori A. Rodden sold 40,693 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total value of $5,617,668.65. Following the sale, the executive vice president directly owned 25,392 shares in the company, valued at $3,505,365.60. This trade represents a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is owned by corporate insiders.

The Hartford Insurance Group Stock Up 3.9%

NYSE HIG opened at $132.25 on Friday. The stock’s 50 day moving average is $134.89 and its 200 day moving average is $135.84. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group, Inc. has a 12 month low of $119.61 and a 12 month high of $144.50. The stock has a market cap of $36.25 billion, a PE ratio of 9.29, a P/E/G ratio of 2.37 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 earnings per share. Research analysts predict that The Hartford Insurance Group, Inc. will post 13.12 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is 16.87%.

The Hartford Insurance Group Profile

(Free Report)

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

See Also

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Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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