The Hartford Insurance Group, Inc. $HIG Shares Acquired by HORAN Wealth LLC

HORAN Wealth LLC grew its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 101.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,128 shares of the insurance provider’s stock after purchasing an additional 6,094 shares during the quarter. HORAN Wealth LLC’s holdings in The Hartford Insurance Group were worth $1,656,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HIG. First Pacific Financial acquired a new position in shares of The Hartford Insurance Group in the first quarter valued at about $26,000. JPL Wealth Management LLC purchased a new position in The Hartford Insurance Group during the third quarter valued at approximately $26,000. Sunbelt Securities Inc. purchased a new position in The Hartford Insurance Group during the third quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in The Hartford Insurance Group by 144.8% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 152 shares during the period. Finally, Sound Income Strategies LLC boosted its position in The Hartford Insurance Group by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 87 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Up 0.2%

Shares of HIG opened at $140.54 on Tuesday. The firm has a market cap of $38.53 billion, a P/E ratio of 9.88, a PEG ratio of 3.81 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 12 month low of $120.33 and a 12 month high of $144.50. The stock’s 50 day moving average is $133.21 and its two-hundred day moving average is $135.39. 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 (NYSE:HIG) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the business earned $2.20 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts predict that The Hartford Insurance Group, Inc. will post 12.74 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 16.87%.

Insider Activity

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 value of $1,201,981.35. Following the sale, the president owned 38,208 shares in the company, valued at $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HIG. Cantor Fitzgerald raised their price objective on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Mizuho increased their price target on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. 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 research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, The Hartford Insurance Group has an average rating of “Hold” and an average price target of $148.75.

The Hartford Insurance Group 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.