Jupiter Asset Management Ltd. Purchases 48,611 Shares of The Hartford Insurance Group, Inc. $HIG

Jupiter Asset Management Ltd. grew its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 10.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 514,508 shares of the insurance provider’s stock after buying an additional 48,611 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in The Hartford Insurance Group were worth $70,899,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC increased its holdings in The Hartford Insurance Group by 0.7% during the 4th quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock valued at $1,810,000 after purchasing an additional 86 shares in the last quarter. Huntington National Bank boosted its stake in The Hartford Insurance Group by 8.1% in the fourth quarter. Huntington National Bank now owns 10,053 shares of the insurance provider’s stock worth $1,385,000 after purchasing an additional 757 shares in the last quarter. Waystone Advisors LLC bought a new stake in shares of The Hartford Insurance Group during the fourth quarter worth $377,000. Geode Capital Management LLC increased its stake in shares of The Hartford Insurance Group by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 7,948,948 shares of the insurance provider’s stock valued at $1,091,440,000 after buying an additional 34,274 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of The Hartford Insurance Group by 0.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 49,212 shares of the insurance provider’s stock valued at $6,781,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $128.98 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group, Inc. has a 1-year low of $119.61 and a 1-year high of $144.50. The stock has a market capitalization of $35.36 billion, a P/E ratio of 9.06, a P/E/G ratio of 2.37 and a beta of 0.50. The business has a 50-day moving average price of $135.58 and a two-hundred day moving average price of $136.06.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. Equities analysts predict that The Hartford Insurance Group, Inc. will post 13.14 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 16.87%.

Insider Buying and Selling

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HIG. UBS Group reduced their price target on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday, May 13th. Roth Mkm increased their price target on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Morgan Stanley raised their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Mizuho boosted their price objective on shares of The Hartford Insurance Group from $158.00 to $159.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $149.31.

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.