National Pension Service Purchases 3,346 Shares of The Hartford Insurance Group, Inc. $HIG

National Pension Service lifted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 477,668 shares of the insurance provider’s stock after acquiring an additional 3,346 shares during the quarter. National Pension Service’s holdings in The Hartford Insurance Group were worth $60,602,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HIG. Private Wealth Management Group LLC lifted its stake in 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 worth $28,000 after purchasing an additional 133 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after buying an additional 161 shares during the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of The Hartford Insurance Group in the second quarter worth approximately $38,000. Addison Advisors LLC lifted its stake in shares of The Hartford Insurance Group by 129.3% during the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 181 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in The Hartford Insurance Group by 274.5% during the 1st quarter. Larson Financial Group LLC now owns 352 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 258 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,252,344. The trade was a 29.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Stock Up 0.7%

The Hartford Insurance Group stock opened at $133.61 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The firm has a market cap of $37.23 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.19 and a beta of 0.69. The business has a fifty day moving average of $129.42 and a two-hundred day moving average of $127.87. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $2.53 EPS. On average, analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be issued a $0.60 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is 19.61%.

Analyst Ratings Changes

HIG has been the subject of several research analyst reports. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, November 7th. Piper Sandler lifted 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 report on Tuesday, September 2nd. Wells Fargo & Company lowered their price objective on shares of The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Evercore ISI raised 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 report on Wednesday, October 1st. Finally, Wall Street Zen lowered The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.14.

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.