Securian Asset Management Inc. Sells 5,977 Shares of The Hartford Insurance Group, Inc. $HIG

Securian Asset Management Inc. lessened its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 44.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,577 shares of the insurance provider’s stock after selling 5,977 shares during the quarter. Securian Asset Management Inc.’s holdings in The Hartford Insurance Group were worth $1,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HIG. Cornerstone Planning Group LLC lifted its stake in shares of 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 buying an additional 184 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of The Hartford Insurance Group during the third quarter worth about $26,000. United Financial Planning Group LLC acquired a new stake in shares of The Hartford Insurance Group in the 3rd quarter worth about $29,000. Sunbelt Securities Inc. bought a new position in The Hartford Insurance Group in the 3rd quarter valued at about $29,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in The Hartford Insurance Group by 144.8% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Lori A. Rodden sold 40,693 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the transaction, the executive vice president directly owned 25,392 shares of the company’s stock, valued at $3,505,365.60. This represents a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

The Hartford Insurance Group Stock Up 0.8%

Shares of NYSE:HIG opened at $133.12 on Wednesday. The Hartford Insurance Group, Inc. has a 1 year low of $119.61 and a 1 year high of $144.50. The company has a market capitalization of $36.49 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 2.37 and a beta of 0.50. The business has a fifty day moving average price of $136.34 and a two-hundred day moving average price of $135.30. 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 released its earnings results 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 business had revenue of $14.45 billion for the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Analysts forecast that The Hartford Insurance Group, Inc. will post 13.17 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s payout ratio is currently 16.87%.

Wall Street Analyst Weigh In

A number of analysts have commented on HIG shares. Cantor Fitzgerald decreased their price objective on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Morgan Stanley lifted their target price on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company upped their price target 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. Roth Mkm increased their price target on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $149.31.

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.