iSAM Funds UK Ltd Invests $1.69 Million in The Hartford Insurance Group, Inc. $HIG

iSAM Funds UK Ltd purchased a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 12,649 shares of the insurance provider’s stock, valued at approximately $1,687,000.

Other hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. lifted its stake in The Hartford Insurance Group by 5.8% during the third quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider’s stock worth $195,000 after purchasing an additional 80 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of The Hartford Insurance Group by 4.5% in the 3rd quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider’s stock valued at $257,000 after purchasing an additional 83 shares in the last quarter. Monument Capital Management increased its stake in shares of The Hartford Insurance Group by 0.4% in the 3rd quarter. Monument Capital Management now owns 24,314 shares of the insurance provider’s stock valued at $3,243,000 after purchasing an additional 85 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of The Hartford Insurance Group by 12.7% in the 3rd quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 89 shares during the last quarter. Finally, Delphi Management Inc. MA raised its holdings in shares of The Hartford Insurance Group by 0.9% during the 3rd quarter. Delphi Management Inc. MA now owns 10,362 shares of the insurance provider’s stock worth $1,382,000 after buying an additional 90 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

HIG has been the subject of several recent analyst reports. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. Piper Sandler lifted their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Argus boosted their target price on The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. increased their target price on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Finally, Wells Fargo & Company lifted their price target on shares of The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.13.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58. Following the completion of the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at approximately $26,574,986.97. This represents a 50.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Beth Ann Costello sold 35,339 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the transaction, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at $10,595,056.92. The trade was a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 384,621 shares of company stock worth $53,010,925 in the last quarter. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Trading Down 1.3%

Shares of HIG stock opened at $132.68 on Friday. The Hartford Insurance Group, Inc. has a twelve month low of $107.49 and a twelve month high of $144.50. The stock’s fifty day simple moving average is $136.99 and its 200 day simple moving average is $133.87. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $36.60 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.31 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.22 by $0.84. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period last year, the company earned $2.94 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is currently 17.99%.

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.