The Hartford Insurance Group, Inc. $HIG Holdings Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 79.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 49,978 shares of the insurance provider’s stock after buying an additional 22,185 shares during the period. Thrivent Financial for Lutherans’ holdings in The Hartford Insurance Group were worth $6,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in HIG. Cornerstone Planning Group LLC increased its holdings 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 acquiring an additional 184 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of The Hartford Insurance Group in the 3rd quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new stake in shares of The Hartford Insurance Group in the 3rd quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new stake in shares of The Hartford Insurance Group in the 3rd quarter valued at approximately $29,000. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of 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 during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Lori A. Rodden sold 40,693 shares of the stock in a transaction 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 transaction, the executive vice president 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 document filed with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HIG shares. Bank of America boosted their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Roth Mkm upped their price objective on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday, May 13th. UBS Group lowered their price objective on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, Mizuho upped their price objective on The Hartford Insurance Group from $158.00 to $159.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

The Hartford Insurance Group Price Performance

Shares of HIG opened at $136.61 on Thursday. The company has a market cap of $37.45 billion, a P/E ratio of 9.60, a PEG ratio of 2.43 and a beta of 0.50. The stock has a fifty day moving average price of $135.68 and a 200 day moving average price of $135.76. 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, Inc. has a 12 month low of $119.61 and a 12 month high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last issued 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 company had revenue of $14.45 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The Hartford Insurance Group’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts forecast that The Hartford Insurance Group, Inc. will post 13.14 earnings per share for the current year.

The Hartford Insurance Group 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.