Mitsubishi UFJ Trust & Banking Corp Has $22.30 Million Stock Position in The Hartford Insurance Group, Inc. $HIG

Mitsubishi UFJ Trust & Banking Corp lowered its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,800 shares of the insurance provider’s stock after selling 4,817 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in The Hartford Insurance Group were worth $22,296,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HIG shares. Evercore increased their target price on The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a report on Wednesday, January 7th. Cantor Fitzgerald dropped their price target 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. Mizuho increased their price objective on The Hartford Insurance Group from $158.00 to $159.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America raised their price objective on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Finally, Roth Mkm upped their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.31.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the completion of the sale, the executive vice president directly owned 25,392 shares in the company, valued at $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Swift sold 201,938 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at $26,574,986.97. This represents a 50.90% 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 have sold 349,282 shares of company stock worth $48,184,324. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Price Performance

HIG opened at $136.76 on Friday. The stock has a market cap of $37.49 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 2.45 and a beta of 0.53. The Hartford Insurance Group, Inc. has a 1 year low of $119.61 and a 1 year high of $144.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $137.31 and a 200 day moving average price of $134.90.

The Hartford Insurance Group (NYSE:HIG) last issued 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 firm had revenue of $14.45 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company earned $2.20 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts forecast that The Hartford Insurance Group, Inc. will post 13.21 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

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

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.