5,405 The Hartford Insurance Group, Inc. $HIG Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,058 shares of the insurance provider’s stock after acquiring an additional 5,405 shares during the quarter. Nisa Investment Advisors LLC’s holdings in The Hartford Insurance Group were worth $11,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HIG. Y Intercept Hong Kong Ltd purchased a new position in The Hartford Insurance Group in the 1st quarter worth approximately $4,131,000. Strs Ohio grew its position in shares of The Hartford Insurance Group by 4.7% in the first quarter. Strs Ohio now owns 199,619 shares of the insurance provider’s stock valued at $26,994,000 after purchasing an additional 8,890 shares in the last quarter. SEB Asset Management AB purchased a new stake in shares of The Hartford Insurance Group in the first quarter valued at approximately $69,310,000. Arbejdsmarkedets Tillaegspension grew its position in shares of The Hartford Insurance Group by 4.6% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 187,110 shares of the insurance provider’s stock valued at $25,303,000 after purchasing an additional 8,250 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of The Hartford Insurance Group in the second quarter valued at approximately $2,286,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $139.35 on Friday. The Hartford Insurance Group, Inc. has a 52 week low of $120.33 and a 52 week high of $146.07. The stock’s fifty day moving average is $133.48 and its two-hundred day moving average is $135.01. The company has a market capitalization of $37.75 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.21 and a beta of 0.49. 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 Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the prior year, the business posted $3.41 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that The Hartford Insurance Group, Inc. will post 12.88 EPS for the current year.

Wall Street Analyst Weigh In

HIG has been the topic of a number of analyst reports. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada boosted their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Mizuho dropped their target price on The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Zacks Research upgraded The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley cut their target price on The Hartford Insurance Group from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $145.25.

The Hartford Insurance Group Profile

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.