Oddo BHF Asset Management Sas Grows Position in The Hartford Insurance Group, Inc. $HIG

Oddo BHF Asset Management Sas raised its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 28.3% in the first quarter, HoldingsChannel.com reports. The fund owned 104,377 shares of the insurance provider’s stock after purchasing an additional 23,015 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in The Hartford Insurance Group were worth $14,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Pacific Financial acquired a new stake in shares of The Hartford Insurance Group during the first quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in The Hartford Insurance Group in the 3rd quarter valued at about $26,000. Phillip James Consulting Co. acquired a new position in The Hartford Insurance Group in the 1st quarter valued at about $29,000. Sunbelt Securities Inc. acquired a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth about $29,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of The Hartford Insurance Group during the 4th quarter worth about $36,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president owned 38,208 shares in the company, valued at $5,163,047.04. This trade represents a 18.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HIG has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their price objective on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Mizuho raised their target price on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Zacks Research cut shares of The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Monday. UBS Group cut their price target on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Barclays cut their price target on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $149.06.

The Hartford Insurance Group Trading Up 1.6%

NYSE HIG opened at $145.68 on Thursday. The Hartford Insurance Group, Inc. has a 12 month low of $120.33 and a 12 month high of $145.81. The company has a 50-day moving average of $134.26 and a 200-day moving average of $135.63. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $39.46 billion, a P/E ratio of 9.42, a P/E/G ratio of 3.89 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the firm posted $3.41 EPS. The company’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that The Hartford Insurance Group, Inc. will post 12.77 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 15.51%.

The Hartford Insurance Group News Roundup

Here are the key news stories impacting The Hartford Insurance Group this week:

• Positive Sentiment: DOWLING & PARTN projects 2028 earnings of $14.25 per share, indicating expectations for continued long-term earnings growth beyond the current-year consensus estimate of $12.73.
• Neutral Sentiment: The Hartford’s most recent quarterly results provided a favorable fundamental backdrop: earnings of $3.42 per share exceeded estimates of $3.16, while revenue rose 8.1% year over year to $7.26 billion. Net margin was 15% and return on equity was 21.66%.
• Negative Sentiment: DOWLING & PARTN lowered its FY2026 earnings forecast to $13.00 per share from $13.25, although the revised estimate remains above the $12.73 consensus.
• Negative Sentiment: Zacks Research downgraded HIG from “hold” to “strong sell,” a notably bearish change that could weigh on investor sentiment. Zacks.com
• Negative Sentiment: Wells Fargo issued a pessimistic forecast for The Hartford’s stock, adding to the recent analyst caution. Wells Fargo Issues Pessimistic Forecast for The Hartford Insurance Group
• Negative Sentiment: Keefe, Bruyette & Woods raised its price target modestly to $144 from $143 but maintained a “market perform” rating. The target remains below the current trading level, implying limited near-term upside.

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.