Robeco Institutional Asset Management B.V. Acquires 47,439 Shares of The Hartford Insurance Group, Inc. $HIG

Robeco Institutional Asset Management B.V. increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 3.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,540,516 shares of the insurance provider’s stock after buying an additional 47,439 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in The Hartford Insurance Group were worth $205,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Princeton Global Asset Management LLC purchased a new position in shares of The Hartford Insurance Group during the third quarter valued at approximately $27,000. Private Wealth Management Group LLC increased its position in The Hartford Insurance Group by 151.1% during the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after buying an additional 133 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in The Hartford Insurance Group by 72.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after buying an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in The Hartford Insurance Group in the second quarter worth $35,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of The Hartford Insurance Group in the second quarter worth $38,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Activity at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. This represents a 29.88% 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 the SEC website. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

HIG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Argus raised 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 note on Tuesday, November 25th. Mizuho initiated coverage on shares of The Hartford Insurance Group in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 target price on the stock. Wolfe Research started coverage on shares of The Hartford Insurance Group in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $145.33.

The Hartford Insurance Group Stock Performance

Shares of HIG stock opened at $137.64 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $133.80 and a 200-day moving average price of $130.13. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $140.50. The firm has a market capitalization of $38.35 billion, a PE ratio of 11.25, a P/E/G ratio of 1.22 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the company posted $2.53 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, December 1st were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is presently 19.61%.

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.