Great Lakes Advisors LLC Sells 14,518 Shares of The Hartford Insurance Group, Inc. $HIG

Great Lakes Advisors LLC decreased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,077,248 shares of the insurance provider’s stock after selling 14,518 shares during the quarter. The Hartford Insurance Group accounts for about 1.2% of Great Lakes Advisors LLC’s holdings, making the stock its 17th biggest position. Great Lakes Advisors LLC’s holdings in The Hartford Insurance Group were worth $143,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new position in shares of The Hartford Insurance Group during the 3rd quarter worth approximately $27,000. Private Wealth Management Group LLC boosted its position in The Hartford Insurance Group by 151.1% during the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 133 shares during the period. Vermillion & White Wealth Management Group LLC increased its holdings in shares of The Hartford Insurance Group by 72.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of The Hartford Insurance Group in the second quarter valued at $35,000. Finally, Addison Advisors LLC lifted its stake in shares of The Hartford Insurance Group by 129.3% during the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after buying an additional 181 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. This represents a 31.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

The Hartford Insurance Group Stock Up 0.3%

NYSE HIG opened at $130.66 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group, Inc. has a 1-year low of $105.98 and a 1-year high of $140.50. The company has a 50 day moving average of $134.88 and a 200-day moving average of $131.00. The company has a market cap of $36.41 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.05 and a beta of 0.61.

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

Analysts Set New Price Targets

HIG has been the topic of a number of research reports. UBS Group upped their price target on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Royal Bank Of Canada initiated coverage on The Hartford Insurance Group in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 target price on the stock. Evercore ISI increased their target price on The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Cantor Fitzgerald boosted their price target on The Hartford Insurance Group from $152.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. upped their price objective on The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $148.47.

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.