Vise Technologies Inc. Invests $2.11 Million in The Hartford Insurance Group, Inc. $HIG

Vise Technologies Inc. bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,609 shares of the insurance provider’s stock, valued at approximately $2,107,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIG. Private Wealth Management Group LLC grew its position in The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 133 shares in the last quarter. Meeder Asset Management Inc. increased its stake in The Hartford Insurance Group by 123.8% during the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock worth $36,000 after buying an additional 161 shares during the period. Signature Resources Capital Management LLC purchased a new stake in The Hartford Insurance Group during the 2nd quarter worth $38,000. Addison Advisors LLC lifted its holdings in 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 in the last quarter. Finally, Larson Financial Group LLC boosted its position in The Hartford Insurance Group by 274.5% in the 1st quarter. Larson Financial Group LLC now owns 352 shares of the insurance provider’s stock valued at $44,000 after buying an additional 258 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hartford Insurance Group

In other news, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,252,344. This trade represents a 29.88% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Up 0.3%

Shares of NYSE:HIG opened at $131.20 on Wednesday. The company’s fifty day moving average is $129.45 and its two-hundred day moving average is $127.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 1st will be issued a $0.60 dividend. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 19.61%.

Wall Street Analyst Weigh In

HIG has been the topic of a number of analyst reports. Wolfe Research started coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Wall Street Zen downgraded The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Evercore ISI upped their target price on The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Piper Sandler raised their price target on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $140.14.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.