The Hartford Insurance Group, Inc. $HIG Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,890 shares of the insurance provider’s stock after acquiring an additional 7,366 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.08% of The Hartford Insurance Group worth $29,887,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HIG. Signal Advisors Wealth LLC increased its holdings in shares of The Hartford Insurance Group by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 75 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in The Hartford Insurance Group by 40.3% in the fourth quarter. GW&K Investment Management LLC now owns 268 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 77 shares during the period. Castlekeep Investment Advisors LLC boosted its holdings in The Hartford Insurance Group by 0.7% in the fourth quarter. Castlekeep Investment Advisors LLC now owns 13,137 shares of the insurance provider’s stock worth $1,810,000 after purchasing an additional 86 shares during the period. Sound Income Strategies LLC boosted its holdings in The Hartford Insurance Group by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 87 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of The Hartford Insurance Group by 16.4% during the third quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In other news, President Adin M. Tooker sold 8,895 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $129.33 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $134.58 and its 200 day moving average price is $135.77. The Hartford Insurance Group, Inc. has a 52-week low of $119.61 and a 52-week high of $144.50. The firm has a market cap of $35.45 billion, a P/E ratio of 9.09, a PEG ratio of 2.32 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the company posted $2.20 EPS. The Hartford Insurance Group’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 13.12 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business 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. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is currently 16.87%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Mizuho dropped their target price on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Wells Fargo & Company dropped their target price on shares of The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. UBS Group dropped their target price on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Cantor Fitzgerald dropped their target price on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Bank of America increased their target price on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.19.

About The Hartford Insurance Group

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.