The Hartford Insurance Group, Inc. $HIG Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,784,866 shares of the insurance provider’s stock after selling 70,037 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of The Hartford Insurance Group worth $5,068,955,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Signal Advisors Wealth LLC lifted its stake in The Hartford Insurance Group by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after buying an additional 75 shares during the last quarter. Mather Group LLC. lifted its stake in The Hartford Insurance Group by 4.5% in the third quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider’s stock valued at $257,000 after buying an additional 83 shares during the last quarter. Sound Income Strategies LLC lifted its stake in The Hartford Insurance Group by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock valued at $36,000 after buying an additional 87 shares during the last quarter. Larson Financial Group LLC lifted its stake in The Hartford Insurance Group by 16.4% in the third quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider’s stock valued at $83,000 after buying an additional 87 shares during the last quarter. Finally, REAP Financial Group LLC lifted its stake in The Hartford Insurance Group by 12.7% in the third quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider’s stock valued at $105,000 after buying an additional 89 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HIG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Evercore lifted their price objective on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Bank of America lifted their price objective on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Roth Mkm lifted 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 note on Friday, January 30th. Finally, Barclays cut their price objective on shares of The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.38.

Insider Transactions at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group 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 of the company’s stock, valued at $26,574,986.97. The trade was a 50.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total value of $5,617,668.65. Following the transaction, the executive vice president directly owned 25,392 shares in the company, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 349,282 shares of company stock worth $48,184,324. 1.30% of the stock is owned by corporate insiders.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $136.77 on Tuesday. The business’s 50-day moving average price is $137.57 and its 200 day moving average price is $134.81. The firm has a market cap of $37.49 billion, a P/E ratio of 9.61, a PEG ratio of 1.25 and a beta of 0.53. The Hartford Insurance Group, Inc. has a 52-week low of $118.81 and a 52-week high of $144.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm had revenue of $14.45 billion for the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The Hartford Insurance Group’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 earnings per share. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 13.36 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 2nd. The Hartford Insurance Group’s payout ratio is presently 16.87%.

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.