Invesco Ltd. Grows Position in The Hartford Insurance Group, Inc. $HIG

Invesco Ltd. raised its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,834,472 shares of the insurance provider’s stock after purchasing an additional 136,483 shares during the period. Invesco Ltd.’s holdings in The Hartford Insurance Group were worth $613,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HIG. Chicago Partners Investment Group LLC boosted its position in shares of The Hartford Insurance Group by 3.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 85 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in The Hartford Insurance Group by 4.4% in the second quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock valued at $262,000 after purchasing an additional 86 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock worth $356,000 after purchasing an additional 88 shares in the last quarter. BayBridge Capital Group LLC lifted its position in shares of The Hartford Insurance Group by 2.4% during the 2nd quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock worth $479,000 after buying an additional 89 shares during the last quarter. Finally, GSB Wealth Management LLC boosted its holdings in shares of The Hartford Insurance Group by 2.4% in the 2nd quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider’s stock valued at $488,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HIG. Wolfe Research began coverage on shares of The Hartford Insurance Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Citigroup initiated coverage on The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 target price for the company. UBS Group lifted their price target on The Hartford Insurance Group from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, Wall Street Zen cut shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, The Hartford Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $143.29.

Insider Buying and Selling

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the transaction, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,252,344. This represents a 29.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Down 1.0%

Shares of NYSE:HIG opened at $131.74 on Friday. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $138.64. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $130.49 and its 200-day simple moving average is $128.78. The company has a market cap of $36.71 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.24 and a beta of 0.63.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 earnings per share. As a group, equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share 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. Stockholders of record on Monday, December 1st will be issued a $0.60 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s payout ratio is 19.61%.

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.