43,431 Shares in The Hartford Insurance Group, Inc. $HIG Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 43,431 shares of the insurance provider’s stock, valued at approximately $5,314,000. The Hartford Insurance Group comprises 0.7% of Machina Capital S.A.S.’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of The Hartford Insurance Group in the 2nd quarter worth $4,067,052,000. Dimensional Fund Advisors LP lifted its holdings in shares of The Hartford Insurance Group by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock worth $635,490,000 after acquiring an additional 72,448 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of The Hartford Insurance Group by 2.1% during the 1st quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock worth $518,150,000 after acquiring an additional 79,827 shares during the last quarter. First Trust Advisors LP grew its position in The Hartford Insurance Group by 5.8% in the first quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock worth $468,113,000 after acquiring an additional 189,916 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in The Hartford Insurance Group in the second quarter worth $346,877,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial initiated coverage on The Hartford Insurance Group in a research note on Monday, October 12th. They issued a “hold” rating and a $137.00 target price on the stock. Piper Sandler lowered The Hartford Insurance Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $148.00 to $146.00 in a research note on Wednesday, July 15th. Zacks Research raised The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Mizuho cut their price objective 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. Finally, Cantor Fitzgerald reduced their price objective on The Hartford Insurance Group from $145.00 to $136.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Hold” and an average target price of $143.50.

Insider Activity at The Hartford Insurance Group

In other news, CFO Beth Costello sold 31,597 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $135.75, for a total value of $4,289,292.75. Following the completion of the sale, the chief financial officer owned 82,988 shares of the company’s stock, valued at approximately $11,265,621. The trade was a 27.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $137.13 on Thursday. The stock has a market cap of $36.67 billion, a PE ratio of 8.30, a PEG ratio of 1.94 and a beta of 0.48. The company’s fifty day moving average is $132.67 and its 200 day moving average is $135.60. The Hartford Insurance Group, Inc. has a 52 week low of $120.42 and a 52 week high of $146.07. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 26th. The insurance provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.33. The Hartford Insurance Group had a net margin of 15.85% and a return on equity of 20.93%. The business had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.37 billion. During the same period in the previous year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts anticipate that The Hartford Insurance Group, Inc. will post 13.34 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be issued a $0.67 dividend. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 16.22%.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc., known as The Hartford, is a U.S.-based insurance company founded in 1810 and headquartered in Hartford, Connecticut. It provides property and casualty insurance and employee benefits to businesses, organizations and individuals. Its commercial insurance offerings include coverage such as workers’ compensation, general liability, commercial auto and property insurance. The company also provides group benefits, including life, disability and leave-management products, along with personal auto and homeowners insurance, which it offers through arrangements including its relationship with AARP.