Generali Asset Management SPA SGR Has $4.88 Million Holdings in The Hartford Insurance Group, Inc. $HIG

Generali Asset Management SPA SGR grew its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 16.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 35,384 shares of the insurance provider’s stock after acquiring an additional 5,059 shares during the period. Generali Asset Management SPA SGR’s holdings in The Hartford Insurance Group were worth $4,876,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of The Hartford Insurance Group during the 3rd quarter worth $26,000. Cornerstone Planning Group LLC lifted its stake in shares of The Hartford Insurance Group by 707.7% in the 3rd 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. Sunbelt Securities Inc. acquired a new stake in shares of The Hartford Insurance Group in the 3rd quarter valued at $29,000. United Financial Planning Group LLC bought a new stake in The Hartford Insurance Group in the third quarter worth $29,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in The Hartford Insurance Group by 144.8% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after buying an additional 152 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the topic of several recent research reports. Roth Mkm raised 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. Morgan Stanley upped their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Cantor Fitzgerald cut their price objective on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Wells Fargo & Company boosted their target price on The Hartford Insurance Group from $156.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, Barclays decreased their target price on The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.31.

Insider Activity at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 40,693 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was 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 of the company’s stock, valued at approximately $3,505,365.60. This represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

The Hartford Insurance Group Stock Down 0.6%

HIG stock opened at $131.94 on Friday. The stock has a market capitalization of $36.17 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50. The company has a 50-day moving average of $136.85 and a two-hundred day moving average of $135.14. The Hartford Insurance Group, Inc. has a 52-week low of $119.61 and a 52-week high of $144.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $14.45 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the firm posted $2.20 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 13.26 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

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

The Hartford Insurance Group Company 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.