11,241 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,241 shares of the insurance provider’s stock, valued at approximately $1,490,000.

Other hedge funds also recently made changes to their positions in the company. First Pacific Financial acquired a new position in The Hartford Insurance Group in the first quarter valued at about $26,000. MidFirst Bank acquired a new position in shares of The Hartford Insurance Group during the second quarter worth $26,000. JPL Wealth Management LLC bought a new position in shares of The Hartford Insurance Group in the 3rd quarter valued at $26,000. Navigoe LLC acquired a new stake in The Hartford Insurance Group during the 2nd quarter worth approximately $27,000. Finally, Phillip James Consulting Co. acquired a new stake in The Hartford Insurance Group during the 1st quarter worth approximately $29,000. 93.42% of the stock is owned by institutional investors.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group 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 $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 is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by insiders.

The Hartford Insurance Group Trading Up 2.2%

Shares of HIG stock opened at $139.03 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm has a market cap of $37.66 billion, a P/E ratio of 8.99, a PEG ratio of 3.34 and a beta of 0.46. The company has a 50 day moving average of $137.75 and a 200-day moving average of $136.64. The Hartford Insurance Group, Inc. has a 12-month low of $120.33 and a 12-month high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The business had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the company earned $3.41 earnings per share. The Hartford Insurance Group’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 15.51%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HIG. Cantor Fitzgerald raised their price objective on The Hartford Insurance Group from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Barclays reduced their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Zacks Research downgraded The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Mizuho boosted their target price on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their price target on The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $149.67.

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.