The Hartford Insurance Group, Inc. $HIG Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,763 shares of the insurance provider’s stock after selling 4,560 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in The Hartford Insurance Group were worth $12,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HIG. Armstrong Advisory Group Inc. grew its holdings in The Hartford Insurance Group by 5.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,459 shares of the insurance provider’s stock worth $195,000 after buying an additional 80 shares in the last quarter. Mather Group LLC. raised its stake in The Hartford Insurance Group by 4.5% during the 3rd quarter. Mather Group LLC. now owns 1,929 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 83 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in The Hartford Insurance Group by 3.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,457 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 85 shares during the period. Monument Capital Management grew its stake in shares of The Hartford Insurance Group by 0.4% in the third quarter. Monument Capital Management now owns 24,314 shares of the insurance provider’s stock worth $3,243,000 after purchasing an additional 85 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in shares of The Hartford Insurance Group by 4.4% in the second quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock worth $262,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Buying and Selling at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president directly owned 18,400 shares in the company, valued at $2,252,344. The trade was a 29.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the sale, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

HIG has been the topic of a number of recent analyst reports. Mizuho began coverage on shares of The Hartford Insurance Group in a research note on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price objective on the stock. Morgan Stanley raised their target price on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Piper Sandler boosted their price target on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Royal Bank Of Canada started coverage on shares of The Hartford Insurance Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price objective for the company. Finally, Cantor Fitzgerald raised their price objective on shares of The Hartford Insurance Group from $152.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.47.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $128.52 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. The firm’s 50 day moving average is $134.99 and its 200-day moving average is $130.87. The Hartford Insurance Group, Inc. has a 12-month low of $105.98 and a 12-month high of $140.50. The stock has a market capitalization of $35.81 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.14 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.76. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.53 earnings per share. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

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.