5,119 Shares in The Hartford Insurance Group, Inc. $HIG Bought by MQS Management LLC

MQS Management LLC bought a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) during the first quarter, according to its most recent filing with the SEC. The firm bought 5,119 shares of the insurance provider’s stock, valued at approximately $692,000.

Other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in shares of The Hartford Insurance Group in the third quarter worth about $26,000. Sunbelt Securities Inc. bought a new stake in The Hartford Insurance Group during the 3rd quarter valued at approximately $29,000. United Financial Planning Group LLC acquired a new stake in The Hartford Insurance Group in the 3rd quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in The Hartford Insurance Group by 144.8% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after buying an additional 152 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new position in The Hartford Insurance Group in the 4th quarter worth approximately $36,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $132.47 on Wednesday. The firm has a market capitalization of $36.31 billion, a PE ratio of 9.31, a PEG ratio of 2.45 and a beta of 0.47. 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 business’s 50 day moving average is $132.63 and its 200-day moving average is $135.43.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the business earned $2.20 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts predict that The Hartford Insurance Group, Inc. will post 12.9 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 16.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler cut their price target on The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating for the company in a report on Thursday, June 11th. 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 research report on Friday, June 5th. Bank of America increased their price target on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods decreased their price target on shares of The Hartford Insurance Group from $149.00 to $142.00 and set a “market perform” rating on the stock in a research report on Thursday, June 4th. Finally, Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.31.

Insider Activity at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the sale, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

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.