Xponance Inc. Grows Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Xponance Inc. raised its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,443 shares of the insurance provider’s stock after buying an additional 5,629 shares during the quarter. Xponance Inc.’s holdings in The Hartford Insurance Group were worth $7,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HIG. Norges Bank purchased a new stake in The Hartford Insurance Group during the second quarter valued at approximately $506,329,000. Franklin Resources Inc. increased its position in shares of The Hartford Insurance Group by 51.5% during the second quarter. Franklin Resources Inc. now owns 3,268,166 shares of the insurance provider’s stock worth $414,632,000 after purchasing an additional 1,111,659 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of The Hartford Insurance Group by 217.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 832,291 shares of the insurance provider’s stock valued at $105,593,000 after purchasing an additional 570,521 shares during the last quarter. Man Group plc boosted its position in shares of The Hartford Insurance Group by 36.6% in the 2nd quarter. Man Group plc now owns 1,064,849 shares of the insurance provider’s stock worth $135,097,000 after purchasing an additional 285,596 shares in the last quarter. Finally, CSM Advisors LLC acquired a new stake in shares of The Hartford Insurance Group in the 2nd quarter worth $35,381,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on HIG shares. UBS Group upped their target price on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Morgan Stanley boosted their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Cantor Fitzgerald upped their price objective on shares of The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Royal Bank Of Canada began coverage on shares of The Hartford Insurance Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 target price for the company. Finally, Citigroup boosted their target price on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.13.

Insider Buying and Selling

In related news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were 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 directly owned 77,574 shares in the company, valued at $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lori A. Rodden sold 5,681 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total transaction of $805,736.23. Following the completion of the sale, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,609,672. The trade was a 23.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 343,928 shares of company stock valued at $47,393,256 over the last 90 days. Insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Trading Down 0.3%

The Hartford Insurance Group stock opened at $140.69 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group, Inc. has a 52 week low of $107.49 and a 52 week high of $144.50. The company has a market capitalization of $38.81 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.37 and a beta of 0.61. The stock has a 50-day moving average price of $137.11 and a 200 day moving average price of $133.45.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The Hartford Insurance Group’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be paid a $0.60 dividend. The ex-dividend date is Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is presently 17.99%.

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.