Martingale Asset Management L P lifted its position in The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,736 shares of the insurance provider’s stock after buying an additional 5,486 shares during the quarter. Martingale Asset Management L P owned about 0.07% of The Hartford Insurance Group worth $27,386,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in The Hartford Insurance Group by 109.2% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,174 shares of the insurance provider’s stock worth $3,358,000 after purchasing an additional 13,138 shares during the period. Raiffeisen Bank International AG boosted its position in The Hartford Insurance Group by 102.0% during the third quarter. Raiffeisen Bank International AG now owns 20,709 shares of the insurance provider’s stock worth $2,739,000 after purchasing an additional 10,455 shares during the period. CSM Advisors LLC boosted its position in The Hartford Insurance Group by 20.6% during the third quarter. CSM Advisors LLC now owns 336,336 shares of the insurance provider’s stock worth $44,866,000 after purchasing an additional 57,468 shares during the period. Legal & General Group Plc boosted its position in The Hartford Insurance Group by 2.2% during the third quarter. Legal & General Group Plc now owns 2,553,541 shares of the insurance provider’s stock worth $340,617,000 after purchasing an additional 55,740 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of The Hartford Insurance Group by 1.9% during the fourth quarter. Nordea Investment Management AB now owns 4,389,329 shares of the insurance provider’s stock worth $606,956,000 after buying an additional 81,712 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.
The Hartford Insurance Group Stock Up 0.8%
Shares of HIG stock opened at $129.49 on Friday. The stock has a 50 day moving average of $134.34 and a 200-day moving average of $135.67. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The firm has a market cap of $35.50 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 2.33 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 12 month low of $119.61 and a 12 month high of $144.50.
The Hartford Insurance Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 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%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is presently 16.87%.
Analyst Ratings Changes
HIG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Cantor Fitzgerald cut their price target on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Bank of America upped their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Piper Sandler cut their price target on The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $147.31.
Get Our Latest Analysis on HIG
Insider Activity at The Hartford Insurance Group
In related news, President Adin M. Tooker sold 8,895 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the transaction, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.
The Hartford Insurance Group Profile
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.
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