National Pension Service Has $73.60 Million Position in The Hartford Insurance Group, Inc. $HIG

National Pension Service grew its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534,073 shares of the insurance provider’s stock after acquiring an additional 24,493 shares during the period. National Pension Service’s holdings in The Hartford Insurance Group were worth $73,595,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HIG. Cornerstone Planning Group LLC grew its holdings in The Hartford Insurance Group by 707.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 184 shares during the period. JPL Wealth Management LLC acquired a new stake in The Hartford Insurance Group during the 3rd quarter worth about $26,000. United Financial Planning Group LLC acquired a new stake in The Hartford Insurance Group during the 3rd quarter worth about $29,000. Sunbelt Securities Inc. bought a new position in shares of The Hartford Insurance Group during the 3rd quarter worth about $29,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in shares of The Hartford Insurance Group by 144.8% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 152 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the transaction, the executive vice president owned 25,392 shares of the company’s stock, valued at $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction that occurred 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 in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Price Performance

Shares of NYSE HIG opened at $127.29 on Friday. The Hartford Insurance Group, Inc. has a fifty-two week low of $119.61 and a fifty-two week high of $144.50. The stock has a market cap of $34.89 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 2.28 and a beta of 0.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50-day simple moving average is $135.47 and its 200 day simple moving average is $136.00.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the business posted $2.20 EPS. The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that The Hartford Insurance Group, Inc. will post 13.17 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The Hartford Insurance Group’s payout ratio is presently 16.87%.

Wall Street Analyst Weigh In

HIG has been the topic of a number of research analyst reports. Cantor Fitzgerald cut their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley increased their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Citigroup increased their price objective on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Barclays cut their price objective on shares of The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $149.00 price objective (down from $163.00) on shares of The Hartford Insurance Group in a research report on Monday, March 30th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $149.31.

The Hartford Insurance Group Company Profile

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.