100,505 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 100,505 shares of the insurance provider’s stock, valued at approximately $12,298,000.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in The Hartford Insurance Group in the 2nd quarter valued at $4,067,052,000. Dimensional Fund Advisors LP grew its position in shares of The Hartford Insurance Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock valued at $635,490,000 after purchasing an additional 72,448 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of The Hartford Insurance Group by 2.1% in the first quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock worth $518,150,000 after purchasing an additional 79,827 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of The Hartford Insurance Group by 5.8% in the first quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock worth $468,113,000 after purchasing an additional 189,916 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of The Hartford Insurance Group in the second quarter worth about $346,877,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HIG. Royal Bank Of Canada increased their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Truist Financial assumed coverage on The Hartford Insurance Group in a research note on Monday, October 12th. They issued a “hold” rating and a $137.00 price objective on the stock. Mizuho decreased their price objective on The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Cantor Fitzgerald decreased their price objective on The Hartford Insurance Group from $145.00 to $136.00 and set an “overweight” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $144.69.

The Hartford Insurance Group Stock Performance

The Hartford Insurance Group stock opened at $134.76 on Wednesday. The company’s 50-day moving average price is $132.87 and its 200-day moving average price is $135.39. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.24. The company has a market cap of $36.04 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48. The Hartford Insurance Group, Inc. has a twelve month low of $120.42 and a twelve month high of $146.07.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Monday, October 26th. The insurance provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.33. The Hartford Insurance Group had a net margin of 15.85% and a return on equity of 20.93%. The firm had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.37 billion. During the same quarter last year, the firm earned $3.78 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that The Hartford Insurance Group, Inc. will post 13.28 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be issued a $0.67 dividend. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, December 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.0%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 14.53%.

The Hartford Insurance Group Company Profile

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.