The Hartford Insurance Group (NYSE:HIG) EVP Sells $5,617,668.65 in Stock

The Hartford Insurance Group, Inc. (NYSE:HIG) EVP Lori Rodden sold 40,693 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

The Hartford Insurance Group Stock Down 1.3%

Shares of NYSE HIG opened at $132.68 on Friday. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The firm’s 50-day moving average is $136.99 and its 200-day moving average is $133.87. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $36.60 billion, a PE ratio of 9.95, a price-to-earnings-growth 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 for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the firm posted $2.94 earnings per share. The Hartford Insurance Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

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

Institutional Trading of The Hartford Insurance Group

Large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in The Hartford Insurance Group by 286,241.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock worth $10,178,152,000 after acquiring an additional 73,835,976 shares in the last quarter. Norges Bank bought a new stake in shares of The Hartford Insurance Group in the fourth quarter worth about $611,724,000. Franklin Resources Inc. raised its position in shares of The Hartford Insurance Group by 51.5% during the second quarter. Franklin Resources Inc. now owns 3,268,166 shares of the insurance provider’s stock worth $414,632,000 after purchasing an additional 1,111,659 shares during the period. Allianz Asset Management GmbH raised its position in shares of The Hartford Insurance Group by 131.1% during the fourth quarter. Allianz Asset Management GmbH now owns 1,632,082 shares of the insurance provider’s stock worth $224,901,000 after purchasing an additional 925,789 shares during the period. Finally, Danske Bank A S bought a new position in shares of The Hartford Insurance Group during the 3rd quarter valued at about $91,398,000. Institutional investors own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HIG shares. Citigroup raised their price target on 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. Morgan Stanley upped their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their target price on 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. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. Finally, Cantor Fitzgerald upped their price target on 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.