The Hartford Insurance Group, Inc. $HIG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 639,994 shares of the insurance provider’s stock after selling 19,694 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of The Hartford Insurance Group worth $78,310,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. SEB Asset Management AB bought a new position in shares of The Hartford Insurance Group during the 1st quarter valued at $69,310,000. Arbejdsmarkedets Tillaegspension boosted its holdings in The Hartford Insurance Group by 4.6% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 187,110 shares of the insurance provider’s stock worth $25,303,000 after purchasing an additional 8,250 shares in the last quarter. National Pension Service boosted its holdings in The Hartford Insurance Group by 4.9% in the second quarter. National Pension Service now owns 554,720 shares of the insurance provider’s stock worth $73,511,000 after purchasing an additional 26,060 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in The Hartford Insurance Group during the second quarter worth $2,286,000. Finally, Bank of New York Mellon Corp acquired a new position in The Hartford Insurance Group during the second quarter worth $337,907,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HIG. Wells Fargo & Company dropped their price objective on The Hartford Insurance Group from $164.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Weiss Ratings raised The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. Mizuho dropped their price target on The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Cantor Fitzgerald cut their price target on The Hartford Insurance Group from $145.00 to $136.00 and set an “overweight” rating for the company in a report on Monday. Finally, UBS Group cut their price target on The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of “Hold” and a consensus target price of $144.69.

Get Our Latest Analysis on The Hartford Insurance Group

The Hartford Insurance Group Stock Down 0.6%

NYSE:HIG opened at $134.76 on Wednesday. The stock’s fifty day moving average price is $132.87 and its two-hundred day moving average price is $135.39. The Hartford Insurance Group, Inc. has a 52-week low of $120.42 and a 52-week high of $146.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.91 and a beta of 0.48.

The Hartford Insurance Group (NYSE:HIG – Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The insurance provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.33. The Hartford Insurance Group had a net margin of 15.85% and a return on equity of 20.93%. The firm had revenue of $7.22 billion for the quarter, compared to analysts’ expectations of $7.37 billion. During the same period last year, the firm earned $3.78 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts anticipate that The Hartford Insurance Group, Inc. will post 13.28 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 14.53%.

About The Hartford Insurance Group

(Free Report)

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.

See Also

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

Receive News & Ratings for The Hartford Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.