Expressive Wealth LLC Takes Position in The Hartford Insurance Group, Inc. $HIG

Expressive Wealth LLC bought a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 4th quarter, Holdings Channel reports. The fund bought 4,323 shares of the insurance provider’s stock, valued at approximately $596,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Integrity Alliance LLC. bought a new stake in shares of The Hartford Insurance Group during the 4th quarter worth about $326,000. Allstate Corp boosted its holdings in The Hartford Insurance Group by 107.8% in the 4th quarter. Allstate Corp now owns 20,601 shares of the insurance provider’s stock valued at $2,839,000 after purchasing an additional 10,687 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in The Hartford Insurance Group by 119.5% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 371 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 202 shares during the period. Fisher Asset Management LLC acquired a new position in shares of The Hartford Insurance Group in the 4th quarter valued at approximately $485,000. Finally, Westover Capital Advisors LLC raised its position in shares of The Hartford Insurance Group by 56.7% in the 4th quarter. Westover Capital Advisors LLC now owns 16,822 shares of the insurance provider’s stock valued at $2,318,000 after buying an additional 6,084 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Insiders Place Their Bets

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of the business’s 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 sale, the executive vice president directly owned 25,392 shares of the company’s stock, valued at $3,505,365.60. The trade was a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

The Hartford Insurance Group Trading Down 0.4%

HIG opened at $135.45 on Wednesday. The Hartford Insurance Group, Inc. has a fifty-two week low of $119.61 and a fifty-two 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 firm has a market capitalization of $37.13 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 2.45 and a beta of 0.50. The company’s 50 day moving average price is $135.77 and its two-hundred day moving average price is $136.04.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share 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 $7.23 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 13.14 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s payout ratio is presently 16.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HIG shares. Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Wednesday, May 13th. Mizuho upped their price objective on shares of The Hartford Insurance Group from $158.00 to $159.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Morgan Stanley upped their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Citigroup upped their price objective on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Cantor Fitzgerald lowered their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

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.