Dimensional Fund Advisors LP Has $635.49 Million Holdings in The Hartford Insurance Group, Inc. $HIG

Dimensional Fund Advisors LP grew its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,699,459 shares of the insurance provider’s stock after acquiring an additional 72,448 shares during the quarter. Dimensional Fund Advisors LP’s holdings in The Hartford Insurance Group were worth $635,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of The Hartford Insurance Group in the 1st quarter worth $26,000. JPL Wealth Management LLC bought a new stake in The Hartford Insurance Group during the 3rd quarter valued at $26,000. Sunbelt Securities Inc. bought a new stake in The Hartford Insurance Group during the 3rd quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC raised its holdings in The Hartford Insurance Group by 144.8% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after buying an additional 152 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new position in The Hartford Insurance Group during the fourth quarter worth $36,000. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Up 0.0%

The Hartford Insurance Group stock opened at $140.26 on Monday. The Hartford Insurance Group, Inc. has a fifty-two week low of $120.33 and a fifty-two week high of $144.50. The stock has a market cap of $38.45 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47. The firm’s 50-day simple moving average is $133.04 and its 200 day simple moving average is $135.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. Research analysts predict that The Hartford Insurance Group, Inc. will post 12.74 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is currently 16.87%.

Insider Activity at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the completion of the sale, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HIG. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Piper Sandler restated 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, July 15th. Wells Fargo & Company raised their price target on shares of The Hartford Insurance Group from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Cantor Fitzgerald lifted their price target on The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Bank of America boosted their price objective on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Eight 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, the stock presently has a consensus rating of “Hold” and an average target price of $148.38.

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.