Legal & General Group Plc Trims Stock Position in The Hartford Insurance Group, Inc. $HIG

Legal & General Group Plc decreased its stake in The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,534,507 shares of the insurance provider’s stock after selling 19,034 shares during the quarter. Legal & General Group Plc’s holdings in The Hartford Insurance Group were worth $349,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in shares of The Hartford Insurance Group by 7.3% in the fourth quarter. Hantz Financial Services Inc. now owns 5,239 shares of the insurance provider’s stock worth $722,000 after buying an additional 355 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of The Hartford Insurance Group by 80.8% in the fourth quarter. Systematic Financial Management LP now owns 12,250 shares of the insurance provider’s stock worth $1,688,000 after buying an additional 5,475 shares during the last quarter. Swedbank AB boosted its stake in shares of The Hartford Insurance Group by 0.4% in the fourth quarter. Swedbank AB now owns 697,908 shares of the insurance provider’s stock worth $96,172,000 after buying an additional 2,701 shares during the last quarter. Advisory Alpha LLC boosted its stake in shares of The Hartford Insurance Group by 17.7% in the fourth quarter. Advisory Alpha LLC now owns 6,624 shares of the insurance provider’s stock worth $913,000 after buying an additional 996 shares during the last quarter. Finally, Mizuho Markets Cayman LP purchased a new stake in shares of The Hartford Insurance Group in the fourth quarter worth about $16,559,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group lowered their target price on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Cantor Fitzgerald lowered their target price on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Mizuho upped their target price on The Hartford Insurance Group from $158.00 to $159.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company increased their price target on The Hartford Insurance Group from $156.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.31.

View Our Latest Report on The Hartford Insurance Group

Insider Buying and Selling

In related news, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the completion of the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $135.45 on Wednesday. The firm has a market cap of $37.13 billion, a PE ratio of 9.52, a PEG ratio of 2.45 and a beta of 0.50. The firm has a fifty day moving average of $135.77 and a 200 day moving average of $136.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a one year low of $119.61 and a one year high of $144.50.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 13.14 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s payout ratio is presently 16.87%.

The Hartford Insurance Group Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Insurance Group, Inc. (NYSE:HIGFree Report).

Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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