QRG Capital Management Inc. Has $15.41 Million Holdings in The Hartford Insurance Group, Inc. $HIG

QRG Capital Management Inc. boosted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 82.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 111,805 shares of the insurance provider’s stock after acquiring an additional 50,394 shares during the quarter. QRG Capital Management Inc.’s holdings in The Hartford Insurance Group were worth $15,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HIG. Danske Bank A S acquired a new position in shares of The Hartford Insurance Group in the third quarter valued at approximately $91,398,000. Balyasny Asset Management L.P. grew its position in shares of The Hartford Insurance Group by 6,431.8% in the third quarter. Balyasny Asset Management L.P. now owns 643,443 shares of the insurance provider’s stock valued at $85,829,000 after purchasing an additional 633,592 shares during the last quarter. Zurich Insurance Group Ltd FI grew its position in shares of The Hartford Insurance Group by 208.2% in the third quarter. Zurich Insurance Group Ltd FI now owns 799,973 shares of the insurance provider’s stock valued at $106,708,000 after purchasing an additional 540,445 shares during the last quarter. Invesco Ltd. grew its position in shares of The Hartford Insurance Group by 10.3% in the third quarter. Invesco Ltd. now owns 5,331,293 shares of the insurance provider’s stock valued at $711,141,000 after purchasing an additional 496,821 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of The Hartford Insurance Group by 16.7% in the third quarter. First Trust Advisors LP now owns 3,162,437 shares of the insurance provider’s stock valued at $421,837,000 after purchasing an additional 452,274 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HIG. Citigroup upped their target price on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Bank of America upped their target price on The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. UBS Group decreased their target price on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their target price on The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Finally, Cantor Fitzgerald decreased their target price on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.31.

The Hartford Insurance Group Stock Up 0.3%

NYSE HIG opened at $134.15 on Wednesday. The business has a fifty day moving average price of $137.15 and a two-hundred day moving average price of $135.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a fifty-two week low of $119.61 and a fifty-two week high of $144.50. The stock has a market capitalization of $36.78 billion, a PE ratio of 9.43, a PEG ratio of 2.38 and a beta of 0.50.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The business had revenue of $14.45 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts expect that The Hartford Insurance Group, Inc. will post 13.26 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

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

Insider Activity at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 40,693 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 25,392 shares in the company, valued at approximately $3,505,365.60. This represents a 61.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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.