CSM Advisors LLC Acquires 57,468 Shares of The Hartford Insurance Group, Inc. $HIG

CSM Advisors LLC lifted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 336,336 shares of the insurance provider’s stock after purchasing an additional 57,468 shares during the period. The Hartford Insurance Group accounts for 1.3% of CSM Advisors LLC’s holdings, making the stock its 11th biggest holding. CSM Advisors LLC owned about 0.12% of The Hartford Insurance Group worth $44,866,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH grew its position in shares of The Hartford Insurance Group by 24.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock valued at $94,212,000 after buying an additional 140,624 shares during the last quarter. Canada Post Corp Registered Pension Plan raised its position in shares of The Hartford Insurance Group by 252.7% during the third quarter. Canada Post Corp Registered Pension Plan now owns 24,540 shares of the insurance provider’s stock worth $3,245,000 after acquiring an additional 17,582 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of The Hartford Insurance Group by 109.2% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,174 shares of the insurance provider’s stock worth $3,358,000 after acquiring an additional 13,138 shares during the last quarter. National Pension Service lifted its stake in shares of The Hartford Insurance Group by 6.7% in the third quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock worth $67,973,000 after acquiring an additional 31,912 shares during the period. Finally, Raiffeisen Bank International AG lifted its stake in shares of The Hartford Insurance Group by 102.0% in the third quarter. Raiffeisen Bank International AG now owns 20,709 shares of the insurance provider’s stock worth $2,739,000 after acquiring an additional 10,455 shares during the period. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling

In other news, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 77,574 shares in the company, valued at approximately $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Swift sold 201,938 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at $26,574,986.97. This trade represents a 50.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 384,621 shares of company stock valued at $53,010,925 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

The Hartford Insurance Group Trading Down 1.3%

Shares of HIG stock opened at $132.68 on Friday. The Hartford Insurance Group, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $144.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a 50 day simple moving average of $136.99 and a two-hundred day simple moving average of $133.87. The company has a market cap of $36.60 billion, a P/E ratio of 9.95, a PEG ratio of 1.29 and a beta of 0.60.

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

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is currently 17.99%.

Analysts Set New Price Targets

A number of analysts have weighed in on HIG shares. Roth Mkm increased their target price 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. Citigroup boosted their price target 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. 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 research note on Monday, February 2nd. Weiss Ratings upgraded shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

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.