NEOS Investment Management LLC Raises Holdings in The Hartford Insurance Group, Inc. $HIG

NEOS Investment Management LLC boosted its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 45.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,794 shares of the insurance provider’s stock after buying an additional 11,519 shares during the period. NEOS Investment Management LLC’s holdings in The Hartford Insurance Group were worth $4,908,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its position in The Hartford Insurance Group by 707.7% during the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of The Hartford Insurance Group during the third quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of The Hartford Insurance Group by 72.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after buying an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of The Hartford Insurance Group in the 2nd quarter valued at about $35,000. Finally, Addison Advisors LLC grew its position in shares of The Hartford Insurance Group by 129.3% in the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after buying an additional 181 shares during the last quarter. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $141.40 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The stock has a 50-day moving average of $136.65 and a two-hundred day moving average of $132.82. The stock has a market cap of $39.40 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.51 and a beta of 0.61. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.84. The firm had revenue of $7.34 billion during 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 last year, the business posted $2.94 earnings per share. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HIG shares. Cantor Fitzgerald increased their target price on shares of The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods increased their price objective on The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Royal Bank Of Canada assumed coverage on The Hartford Insurance Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price objective for the company. Roth Mkm increased their price target on 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, Wells Fargo & Company raised their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, 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 value of $805,736.23. Following the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at approximately $2,609,672. This represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Swift sold 100,970 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total value of $14,214,556.60. Following the sale, the chief executive officer directly owned 194,817 shares in the company, valued at $27,426,337.26. This represents a 34.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 343,928 shares of company stock worth $47,393,256. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group 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.