USS Investment Management Ltd Purchases 4,017 Shares of The Hartford Insurance Group, Inc. $HIG

USS Investment Management Ltd lifted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,513 shares of the insurance provider’s stock after buying an additional 4,017 shares during the quarter. USS Investment Management Ltd’s holdings in The Hartford Insurance Group were worth $6,426,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CSM Advisors LLC lifted its position in shares of The Hartford Insurance Group by 20.6% in the 3rd quarter. CSM Advisors LLC now owns 336,336 shares of the insurance provider’s stock worth $44,866,000 after purchasing an additional 57,468 shares during the period. Legal & General Group Plc lifted its holdings in The Hartford Insurance Group by 2.2% in the third quarter. Legal & General Group Plc now owns 2,553,541 shares of the insurance provider’s stock worth $340,617,000 after buying an additional 55,740 shares during the period. Nordea Investment Management AB boosted its position in The Hartford Insurance Group by 1.9% during the 4th quarter. Nordea Investment Management AB now owns 4,389,329 shares of the insurance provider’s stock valued at $606,956,000 after acquiring an additional 81,712 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of The Hartford Insurance Group during the 3rd quarter worth approximately $2,618,000. Finally, First Trust Advisors LP lifted its stake in shares of The Hartford Insurance Group by 16.7% in the 3rd quarter. First Trust Advisors LP now owns 3,162,437 shares of the insurance provider’s stock valued at $421,837,000 after purchasing an additional 452,274 shares during the period. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Up 2.7%

Shares of NYSE HIG opened at $137.52 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 12-month low of $119.61 and a 12-month high of $144.50. The firm’s 50-day moving average price is $132.49 and its 200-day moving average price is $135.43. The stock has a market capitalization of $37.70 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 2.45 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly 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 company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 12.9 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The Hartford Insurance Group’s payout ratio is currently 16.87%.

Insider Buying and Selling at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the sale, the president owned 38,208 shares in the company, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of recent analyst reports. UBS Group dropped 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 report on Monday, April 27th. Wells Fargo & Company decreased their price objective on The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Barclays lowered their target price on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Bank of America upped their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, May 27th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.31.

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.