The Hartford Insurance Group, Inc. $HIG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,565 shares of the insurance provider’s stock after selling 16,455 shares during the period. Nisa Investment Advisors LLC’s holdings in The Hartford Insurance Group were worth $11,324,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth $27,000. Private Wealth Management Group LLC boosted its holdings in The Hartford Insurance Group by 151.1% in the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 133 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in The Hartford Insurance Group by 72.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 99 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in The Hartford Insurance Group during the second quarter valued at about $35,000. Finally, Signature Resources Capital Management LLC acquired a new stake in The Hartford Insurance Group during the second quarter worth about $38,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Lori A. Rodden sold 7,841 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. The trade was a 29.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at $10,595,056.92. This represents a 31.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HIG shares. Keefe, Bruyette & Woods lifted their price objective on The Hartford Insurance Group from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Piper Sandler increased their target price on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Mizuho started coverage on shares of The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $147.07.

The Hartford Insurance Group Stock Down 1.2%

NYSE HIG opened at $136.20 on Friday. The stock has a market cap of $37.95 billion, a PE ratio of 11.13, a P/E/G ratio of 1.23 and a beta of 0.61. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $140.50. The business has a 50 day moving average price of $134.88 and a two-hundred day moving average price of $130.39. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24.

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 (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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the firm posted $2.53 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 1st were issued a $0.60 dividend. The ex-dividend date was Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 19.61%.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.