Harbour Investments Inc. Has $171,000 Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Harbour Investments Inc. grew its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 220.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,346 shares of the insurance provider’s stock after buying an additional 926 shares during the period. Harbour Investments Inc.’s holdings in The Hartford Insurance Group were worth $171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sagespring Wealth Partners LLC boosted its position in shares of The Hartford Insurance Group by 28.5% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,238 shares of the insurance provider’s stock valued at $411,000 after purchasing an additional 719 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at about $200,000. Moran Wealth Management LLC bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at about $5,271,000. NorthRock Partners LLC boosted its holdings in The Hartford Insurance Group by 9.1% in the second quarter. NorthRock Partners LLC now owns 3,465 shares of the insurance provider’s stock worth $441,000 after acquiring an additional 288 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in The Hartford Insurance Group by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 13,848 shares of the insurance provider’s stock worth $1,757,000 after acquiring an additional 251 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Down 0.1%

HIG stock opened at $124.98 on Thursday. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $135.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $131.14 and its 200-day moving average is $126.55. The firm has a market capitalization of $35.14 billion, a PE ratio of 11.33, a P/E/G ratio of 1.21 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.58. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $2.50 earnings per share. Sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HIG has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Wednesday, October 8th. Wells Fargo & Company increased their price target on The Hartford Insurance Group from $139.00 to $147.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Piper Sandler increased their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald initiated coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $140.07.

Insider Buying and Selling

In related news, EVP Donald Christian Hunt sold 2,124 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 35,340 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.