The Hartford Insurance Group, Inc. $HIG Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division lessened its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 75,397 shares of the insurance provider’s stock after selling 4,171 shares during the period. The Hartford Insurance Group accounts for about 0.9% of First Financial Bank Trust Division’s portfolio, making the stock its 29th biggest holding. First Financial Bank Trust Division’s holdings in The Hartford Insurance Group were worth $10,057,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Wealth Management Group LLC lifted its position in shares of The Hartford Insurance Group by 151.1% during the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 133 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in The Hartford Insurance Group by 72.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in The Hartford Insurance Group during the 2nd quarter worth about $35,000. Signature Resources Capital Management LLC acquired a new position in shares of The Hartford Insurance Group during the 2nd quarter worth about $38,000. Finally, Addison Advisors LLC boosted its position in shares of The Hartford Insurance Group by 129.3% during the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 181 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Price Performance

HIG stock opened at $135.31 on Monday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $37.70 billion, a P/E ratio of 11.05, a PEG ratio of 1.26 and a beta of 0.63. The business has a 50 day simple moving average of $130.33 and a 200-day simple moving average of $128.84. The Hartford Insurance Group, Inc. has a twelve month low of $104.93 and a twelve month high of $138.64.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the previous year, the company posted $2.53 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change 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 1.8%. The Hartford Insurance Group’s dividend payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

HIG has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Monday, December 8th. Evercore ISI increased their price target on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Wolfe Research began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. UBS Group upped their target price on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. This represents a 29.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% 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.