Marshall Wace LLP Acquires 7,661 Shares of The Hartford Insurance Group, Inc. $HIG

Marshall Wace LLP boosted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 112,335 shares of the insurance provider’s stock after buying an additional 7,661 shares during the period. Marshall Wace LLP’s holdings in The Hartford Insurance Group were worth $14,252,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Private Wealth Management Group LLC grew its position in shares of 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 purchasing an additional 133 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in The Hartford Insurance Group by 72.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at $35,000. Signature Resources Capital Management LLC bought a new position in The Hartford Insurance Group during the 2nd quarter worth $38,000. Finally, Addison Advisors LLC increased its position in The Hartford Insurance Group by 129.3% during 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 period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Trading Up 0.2%

Shares of HIG opened at $130.04 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $138.64. The firm has a market cap of $36.23 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.21 and a beta of 0.63. The business’s fifty day moving average is $130.30 and its 200-day moving average is $128.75.

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, topping the consensus estimate of $3.02 by $0.76. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the company earned $2.53 EPS. The Hartford Insurance Group’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, December 1st. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio is 19.61%.

Insider Activity

In related news, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at approximately $2,252,344. The trade was a 29.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Piper Sandler increased their target price 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. Evercore ISI lifted their price target on shares of 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. Finally, Wells Fargo & Company cut their price target on The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $143.50.

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.