Sanctuary Advisors LLC bought a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,981 shares of the insurance provider’s stock, valued at approximately $3,973,000.
A number of other large investors have also recently bought and sold shares of the company. First Pacific Financial acquired a new position in The Hartford Insurance Group in the 1st quarter worth approximately $26,000. MidFirst Bank acquired a new stake in The Hartford Insurance Group during the 2nd quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new stake in The Hartford Insurance Group during the 3rd quarter valued at approximately $26,000. Navigoe LLC purchased a new stake in shares of The Hartford Insurance Group in the 2nd quarter valued at $27,000. Finally, Phillip James Consulting Co. purchased a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on HIG shares. Piper Sandler reissued a “neutral” rating and set a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday, July 15th. Mizuho upped their price target on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Zacks Research downgraded The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Weiss Ratings cut The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Finally, Keefe, Bruyette & Woods upped their target price on The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $149.67.
The Hartford Insurance Group Stock Down 0.6%
HIG stock opened at $138.19 on Wednesday. The Hartford Insurance Group, Inc. has a one year low of $120.33 and a one year high of $146.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s fifty day moving average is $137.90 and its 200 day moving average is $136.62. The firm has a market cap of $37.43 billion, a PE ratio of 8.93, a P/E/G ratio of 3.41 and a beta of 0.46.
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts forecast that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current year.
The Hartford Insurance Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is currently 15.51%.
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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