Aware Super Pty Ltd as trustee of Aware Super Makes New $38.79 Million Investment in The Hartford Insurance Group, Inc. $HIG

Aware Super Pty Ltd as trustee of Aware Super bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) in the 1st quarter, Holdings Channel.com reports. The fund bought 286,873 shares of the insurance provider’s stock, valued at approximately $38,794,000.

Other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of The Hartford Insurance Group during the 1st quarter valued at approximately $4,131,000. Nordea Investment Management AB boosted its holdings in The Hartford Insurance Group by 1.9% in the fourth quarter. Nordea Investment Management AB now owns 4,389,329 shares of the insurance provider’s stock worth $606,956,000 after purchasing an additional 81,712 shares during the period. Abacus Wealth Partners LLC acquired a new position in The Hartford Insurance Group in the fourth quarter worth $1,971,000. Wealth Enhancement Advisory Services LLC increased its stake in The Hartford Insurance Group by 22.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 182,453 shares of the insurance provider’s stock valued at $24,971,000 after purchasing an additional 32,846 shares during the last quarter. Finally, Goelzer Investment Management Inc. bought a new stake in The Hartford Insurance Group during the fourth quarter valued at $1,213,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the transaction, the president owned 38,208 shares in the company, valued at $5,163,047.04. This represents a 18.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by corporate insiders.

The Hartford Insurance Group Stock Up 1.5%

Shares of The Hartford Insurance Group stock opened at $136.50 on Friday. The business’s fifty day moving average price is $132.87 and its two-hundred day moving average price is $135.37. 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 company has a market capitalization of $37.42 billion, a P/E ratio of 9.59, a PEG ratio of 3.09 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 1-year low of $120.05 and a 1-year high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 EPS. As a group, research analysts forecast that The Hartford Insurance Group, Inc. will post 12.74 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is presently 16.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of The Hartford Insurance Group from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Mizuho lifted their price target on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Cantor Fitzgerald boosted their price objective on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Bank of America increased their price objective on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Finally, Piper Sandler reissued a “neutral” rating and issued a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of “Hold” and a consensus price target of $148.38.

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.