Kepler Cheuvreux Suisse SA Invests $18.64 Million in The Hartford Insurance Group, Inc. $HIG

Kepler Cheuvreux Suisse SA purchased a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 139,766 shares of the insurance provider’s stock, valued at approximately $18,639,000. Kepler Cheuvreux Suisse SA owned 0.05% of The Hartford Insurance Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in shares of The Hartford Insurance Group by 24.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock worth $94,212,000 after acquiring an additional 140,624 shares during the period. Canada Post Corp Registered Pension Plan increased its stake in shares of The Hartford Insurance Group by 252.7% during the third quarter. Canada Post Corp Registered Pension Plan now owns 24,540 shares of the insurance provider’s stock valued at $3,245,000 after acquiring an additional 17,582 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in The Hartford Insurance Group by 109.2% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,174 shares of the insurance provider’s stock worth $3,358,000 after purchasing an additional 13,138 shares in the last quarter. National Pension Service lifted its position in The Hartford Insurance Group by 6.7% in the third quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock worth $67,973,000 after purchasing an additional 31,912 shares during the period. Finally, Raiffeisen Bank International AG lifted its position in The Hartford Insurance Group by 102.0% in the third quarter. Raiffeisen Bank International AG now owns 20,709 shares of the insurance provider’s stock worth $2,739,000 after purchasing an additional 10,455 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the sale, the chief financial officer owned 77,574 shares in the company, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Swift sold 100,970 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $140.78, for a total transaction of $14,214,556.60. Following the sale, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at $27,426,337.26. This represents a 34.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 343,928 shares of company stock worth $47,393,256. Company insiders own 1.60% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $137.18 on Wednesday. The company has a market capitalization of $37.84 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.34 and a beta of 0.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average of $137.20 and a 200-day moving average of $133.86. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the firm posted $2.94 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HIG. Roth Mkm lifted their price target on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Royal Bank Of Canada assumed coverage on 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. JPMorgan Chase & Co. raised their target price on The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Piper Sandler lifted their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Finally, Cantor Fitzgerald boosted their price target on shares of The Hartford Insurance Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

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.