The Hartford Insurance Group, Inc. $HIG Shares Sold by HORAN Wealth LLC

HORAN Wealth LLC trimmed its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 49.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,078 shares of the insurance provider’s stock after selling 6,050 shares during the quarter. HORAN Wealth LLC’s holdings in The Hartford Insurance Group were worth $805,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of The Hartford Insurance Group by 286,241.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock worth $10,178,152,000 after buying an additional 73,835,976 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of The Hartford Insurance Group by 14,253.4% in the second quarter. California State Teachers Retirement System now owns 54,248,255 shares of the insurance provider’s stock worth $7,188,979,000 after buying an additional 53,870,308 shares in the last quarter. BlackRock Inc. acquired a new position in The Hartford Insurance Group during the second quarter worth about $4,067,052,000. State Street Corp boosted its position in The Hartford Insurance Group by 0.4% during the third quarter. State Street Corp now owns 16,031,840 shares of the insurance provider’s stock worth $2,146,749,000 after acquiring an additional 55,983 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in The Hartford Insurance Group by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 7,948,948 shares of the insurance provider’s stock valued at $1,091,440,000 after acquiring an additional 34,274 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Trading Down 0.1%

HIG opened at $138.19 on Monday. The stock has a market capitalization of $37.43 billion, a PE ratio of 8.93, a P/E/G ratio of 2.43 and a beta of 0.45. The Hartford Insurance Group, Inc. has a one year low of $120.33 and a one year high of $146.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average price is $139.15 and its 200 day moving average price is $136.44.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the firm earned $3.41 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is currently 15.51%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HIG shares. Zacks Research upgraded shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Mizuho boosted their target price on The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Cantor Fitzgerald upped their price target on 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. Royal Bank Of Canada increased their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their price objective on The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $149.67.

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.