Silvia Mccoll Wealth Management LLC Takes $203,000 Position in The Hartford Insurance Group, Inc. $HIG

Silvia Mccoll Wealth Management LLC purchased a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,600 shares of the insurance provider’s stock, valued at approximately $203,000.

Several other large investors have also recently modified their holdings of the business. 111 Capital bought a new position in shares of The Hartford Insurance Group during the second quarter valued at $1,005,000. QRG Capital Management Inc. raised its stake in shares of The Hartford Insurance Group by 56.6% during the second quarter. QRG Capital Management Inc. now owns 315,041 shares of the insurance provider’s stock valued at $39,969,000 after acquiring an additional 113,871 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of The Hartford Insurance Group by 27.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 7,110 shares of the insurance provider’s stock valued at $902,000 after acquiring an additional 1,530 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of The Hartford Insurance Group during the second quarter valued at $199,000. Finally, Hilltop National Bank bought a new position in shares of The Hartford Insurance Group during the second quarter valued at $104,000. Institutional investors own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HIG. Wells Fargo & Company lifted their target price on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Wolfe Research began coverage on shares of The Hartford Insurance Group in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. Citigroup began coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $138.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 29th. Finally, Evercore ISI lifted their target price on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the stock an “in-line” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.93.

Insider Transactions at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

The Hartford Insurance Group Trading Up 0.4%

HIG opened at $133.51 on Friday. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.54 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. The company has a fifty day moving average price of $130.65 and a two-hundred day moving average price of $125.97.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. The Hartford Insurance Group’s payout ratio is 18.86%.

The Hartford Insurance Group Company Profile

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.