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

Jupiter Asset Management Ltd. lessened its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 465,897 shares of the insurance provider’s stock after selling 48,226 shares during the period. Jupiter Asset Management Ltd.’s holdings in The Hartford Insurance Group were worth $62,146,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Wealth Alliance LLC lifted its position in The Hartford Insurance Group by 5.5% during the 3rd quarter. Wealth Alliance LLC now owns 2,319 shares of the insurance provider’s stock worth $309,000 after acquiring an additional 120 shares in the last quarter. NewEdge Wealth LLC grew its position in The Hartford Insurance Group by 28.5% in the third quarter. NewEdge Wealth LLC now owns 17,329 shares of the insurance provider’s stock valued at $2,222,000 after acquiring an additional 3,840 shares in the last quarter. MJP Associates Inc. ADV acquired a new stake in The Hartford Insurance Group in the third quarter valued at approximately $285,000. Syon Capital LLC raised its stake in shares of The Hartford Insurance Group by 5.8% during the third quarter. Syon Capital LLC now owns 4,913 shares of the insurance provider’s stock valued at $655,000 after purchasing an additional 270 shares during the period. Finally, Maridea Wealth Management LLC lifted its position in shares of The Hartford Insurance Group by 13.4% during the third quarter. Maridea Wealth Management LLC now owns 1,901 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Down 0.7%

The Hartford Insurance Group stock opened at $140.31 on Friday. The Hartford Insurance Group, Inc. has a 52-week low of $107.49 and a 52-week high of $144.50. The company has a quick ratio of 0.32, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $39.10 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.48 and a beta of 0.61. The firm has a 50-day moving average price of $136.75 and a two-hundred day moving average price of $132.87.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The company had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, March 2nd. The Hartford Insurance Group’s payout ratio is currently 17.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HIG shares. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, February 13th. Roth Mkm raised their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Royal Bank Of Canada assumed coverage on The Hartford Insurance Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price target on the stock. UBS Group increased their price target on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Insider Buying and Selling

In related news, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lori A. Rodden sold 5,681 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total transaction of $805,736.23. Following the transaction, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,609,672. The trade was a 23.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 343,928 shares of company stock valued at $47,393,256 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

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.