Simon Quick Advisors LLC Boosts Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Simon Quick Advisors LLC boosted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 21.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,392 shares of the insurance provider’s stock after buying an additional 430 shares during the period. Simon Quick Advisors LLC’s holdings in The Hartford Insurance Group were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HIG. Woodline Partners LP boosted its holdings in shares of The Hartford Insurance Group by 28,218.5% during the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock worth $93,763,000 after purchasing an additional 755,128 shares during the last quarter. Nuveen LLC acquired a new position in shares of The Hartford Insurance Group during the 1st quarter worth approximately $87,516,000. Bahl & Gaynor Inc. boosted its holdings in shares of The Hartford Insurance Group by 47.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock worth $264,972,000 after purchasing an additional 684,390 shares during the last quarter. Amundi boosted its holdings in shares of The Hartford Insurance Group by 27.4% during the 1st quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after purchasing an additional 417,951 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of The Hartford Insurance Group by 38.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock worth $189,427,000 after purchasing an additional 414,216 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the sale, the executive vice president directly owned 18,400 shares in the company, valued at $2,252,344. This represents a 29.88% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by corporate insiders.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock opened at $124.31 on Tuesday. The business has a 50-day moving average of $129.84 and a 200 day moving average of $127.32. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.17. The stock has a market capitalization of $34.64 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 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 Monday, January 5th. Stockholders of record on Monday, December 1st will be given a dividend of $0.60 per share. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. The Hartford Insurance Group’s dividend payout ratio is currently 19.61%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings cut The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Saturday, October 25th. Cantor Fitzgerald assumed coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price objective on the stock. Citigroup assumed coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. upped their price objective on The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.57.

About The Hartford Insurance Group

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.