Stratos Wealth Partners LTD. Grows Stake in The Hartford Insurance Group, Inc. $HIG

Stratos Wealth Partners LTD. increased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 225.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,210 shares of the insurance provider’s stock after buying an additional 4,996 shares during the period. Stratos Wealth Partners LTD.’s holdings in The Hartford Insurance Group were worth $962,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in shares of The Hartford Insurance Group by 707.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 184 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in The Hartford Insurance Group in the third quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC raised its stake in The Hartford Insurance Group by 72.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in The Hartford Insurance Group during the second quarter valued at approximately $35,000. Finally, Addison Advisors LLC grew its stake in The Hartford Insurance Group by 129.3% in the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after buying an additional 181 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Roth Mkm raised their price objective on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Wall Street Zen lowered The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Evercore upped their price objective on The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a report on Wednesday, January 7th. Mizuho initiated coverage on The Hartford Insurance Group in a report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price objective on the stock. Finally, Cantor Fitzgerald upped their target price on The Hartford Insurance Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Insider Activity

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the completion of the transaction, the chief financial officer owned 77,574 shares of the company’s stock, valued at $10,595,056.92. This represents a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lori A. Rodden sold 5,681 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total value of $805,736.23. Following the completion of the sale, the executive vice president owned 18,400 shares in the company, valued at approximately $2,609,672. This represents a 23.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 343,928 shares of company stock valued at $47,393,256. Insiders own 1.60% of the company’s stock.

The Hartford Insurance Group Stock Performance

NYSE:HIG opened at $141.18 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $144.50. The firm has a market cap of $39.34 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.61. The business has a 50 day moving average price of $136.16 and a 200-day moving average price of $132.61.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The company had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 EPS. Equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

About The Hartford Insurance Group

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.