Voya Investment Management LLC Has $26.28 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Voya Investment Management LLC decreased its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,050 shares of the insurance provider’s stock after selling 45,566 shares during the period. Voya Investment Management LLC owned 0.07% of The Hartford Insurance Group worth $26,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIG. Norges Bank acquired a new position in shares of The Hartford Insurance Group during the second quarter worth approximately $506,329,000. Franklin Resources Inc. lifted its holdings in The Hartford Insurance Group by 51.5% during the 2nd quarter. Franklin Resources Inc. now owns 3,268,166 shares of the insurance provider’s stock worth $414,632,000 after buying an additional 1,111,659 shares in the last quarter. Woodline Partners LP boosted its position in The Hartford Insurance Group by 28,218.5% in the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock valued at $93,763,000 after buying an additional 755,128 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of The Hartford Insurance Group by 217.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 832,291 shares of the insurance provider’s stock valued at $105,593,000 after buying an additional 570,521 shares during the period. Finally, Amundi raised its position in shares of The Hartford Insurance Group by 27.4% during the first quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after acquiring an additional 417,951 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Activity

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the completion of the sale, the executive vice president directly owned 18,400 shares in the company, valued at $2,252,344. This represents a 29.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

The Hartford Insurance Group Stock Up 0.1%

Shares of NYSE HIG opened at $139.05 on Monday. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $139.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $38.75 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.30 and a beta of 0.63. The firm has a 50 day moving average price of $131.02 and a 200 day moving average price of $129.15.

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 for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period last year, the firm posted $2.53 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The Hartford Insurance Group’s payout ratio is presently 19.61%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Monday, December 15th. Mizuho began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 target price on the stock. Piper Sandler raised their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Morgan Stanley boosted their price target on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $144.60.

The Hartford Insurance Group Company Profile

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.