United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $2.56 Million Stock Position in The Hartford Insurance Group, Inc. $HIG

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 174.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,200 shares of the insurance provider’s stock after purchasing an additional 12,200 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in The Hartford Insurance Group were worth $2,561,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HIG. Cornerstone Planning Group LLC increased its holdings in The Hartford Insurance Group by 707.7% in the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in The Hartford Insurance Group during the third quarter worth about $27,000. Vermillion & White Wealth Management Group LLC grew its position in shares of The Hartford Insurance Group by 72.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after buying an additional 99 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of The Hartford Insurance Group during the 2nd quarter worth about $35,000. Finally, Addison Advisors LLC increased its stake in shares of The Hartford Insurance Group by 129.3% in the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 181 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HIG has been the topic of a number of analyst reports. Evercore increased their price target on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research report on Wednesday, January 7th. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their target price on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Cantor Fitzgerald lifted their price target on shares of The Hartford Insurance Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, Argus upped their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, The Hartford Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58. Following the sale, the chief executive officer directly owned 194,817 shares in the company, valued at approximately $26,574,986.97. The trade was a 50.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lori A. Rodden sold 5,681 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total transaction of $805,736.23. Following the sale, the executive vice president directly owned 18,400 shares in the company, valued at $2,609,672. This trade represents a 23.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 343,928 shares of company stock valued at $47,393,256. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Down 0.3%

HIG stock opened at $139.32 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $38.43 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.35 and a beta of 0.60. The Hartford Insurance Group, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $144.50. The business has a 50-day moving average of $137.25 and a 200-day moving average of $133.80.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The Hartford Insurance Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.94 EPS. On average, sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is presently 17.99%.

About The Hartford Insurance Group

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.