HORAN Wealth LLC increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) by 101.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,128 shares of the insurance provider’s stock after acquiring an additional 6,094 shares during the period. HORAN Wealth LLC’s holdings in The Hartford Insurance Group were worth $1,656,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft boosted its stake in shares of The Hartford Insurance Group by 4.2% during the first quarter. Baader Bank Aktiengesellschaft now owns 4,910 shares of the insurance provider’s stock valued at $655,000 after purchasing an additional 200 shares during the period. Wilkerson Advisory Group LLC increased its stake in The Hartford Insurance Group by 109.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 761 shares of the insurance provider’s stock worth $103,000 after buying an additional 397 shares during the period. Florida Financial Advisors LLC purchased a new position in The Hartford Insurance Group in the 1st quarter worth about $280,000. Dimensional Fund Advisors LP lifted its holdings in The Hartford Insurance Group by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock valued at $635,490,000 after buying an additional 72,448 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in The Hartford Insurance Group by 4.2% during the 1st quarter. Parallel Advisors LLC now owns 17,156 shares of the insurance provider’s stock valued at $2,320,000 after buying an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.
Insider Activity at The Hartford Insurance Group
In related news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the completion of the transaction, the president owned 38,208 shares in the company, valued at $5,163,047.04. The trade was a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.
The Hartford Insurance Group Price Performance
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 earnings per share. Equities analysts predict that The Hartford Insurance Group, Inc. will post 12.74 earnings per share for the current fiscal year.
The Hartford Insurance Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group’s payout ratio is presently 16.87%.
Analyst Ratings Changes
A number of brokerages have commented on HIG. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. Wells Fargo & Company boosted their price target on The Hartford Insurance Group from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Bank of America increased their price objective on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Barclays reduced their price objective on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Hold” and a consensus price target of $148.75.
View Our Latest Stock Analysis on HIG
About The Hartford Insurance Group
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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