DekaBank Deutsche Girozentrale Decreases Position in The Hartford Insurance Group, Inc. $HIG

DekaBank Deutsche Girozentrale lessened its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,735 shares of the insurance provider’s stock after selling 5,645 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in The Hartford Insurance Group were worth $17,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC increased its position in shares of The Hartford Insurance Group by 3.6% in the second quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 85 shares during the period. Burford Brothers Inc. purchased a new position in shares of The Hartford Insurance Group in the second quarter valued at about $697,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of The Hartford Insurance Group in the second quarter valued at about $9,756,000. Koshinski Asset Management Inc. increased its position in shares of The Hartford Insurance Group by 6.8% in the second quarter. Koshinski Asset Management Inc. now owns 2,191 shares of the insurance provider’s stock valued at $278,000 after acquiring an additional 139 shares during the period. Finally, Private Wealth Management Group LLC increased its position in shares of The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Activity

In related news, EVP Donald Christian Hunt sold 2,124 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Trading Down 0.1%

Shares of HIG opened at $124.98 on Thursday. 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 firm’s 50-day moving average price is $131.14 and its 200-day moving average price is $126.55. The firm has a market capitalization of $35.14 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.21 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $3.41 EPS for the quarter, topping 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 business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The Hartford Insurance Group’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Piper Sandler boosted their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Wall Street Zen raised shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Evercore ISI lifted their target price on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $140.07.

About The Hartford Insurance Group

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.