The Hartford Insurance Group (NYSE:HIG) EVP Lori Rodden Sells 40,693 Shares

The Hartford Insurance Group, Inc. (NYSE:HIG) EVP Lori Rodden sold 40,693 shares of the stock in a transaction 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 sale, the executive vice president directly owned 25,392 shares in the company, valued at $3,505,365.60. This trade represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock traded down $0.50 during trading hours on Thursday, reaching $134.46. The company’s stock had a trading volume of 1,864,844 shares, compared to its average volume of 1,618,300. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50. The company’s 50 day simple moving average is $137.15 and its 200 day simple moving average is $133.86. 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 market cap of $37.09 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data 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 business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.94 EPS. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is 17.99%.

Analyst Ratings Changes

HIG has been the topic of several recent research reports. Morgan Stanley raised their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. UBS Group upped their price objective on The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Piper Sandler increased their target price on 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. Keefe, Bruyette & Woods raised their target price on The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Roth Mkm boosted their price target on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

Hedge Funds Weigh In On The Hartford Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new stake in The Hartford Insurance Group in the 1st quarter valued at approximately $207,000. AE Wealth Management LLC boosted its position in The Hartford Insurance Group by 4.4% during the 2nd quarter. AE Wealth Management LLC now owns 2,508 shares of the insurance provider’s stock worth $318,000 after acquiring an additional 105 shares during the period. Prospera Financial Services Inc grew its stake in shares of The Hartford Insurance Group by 48.0% in the second quarter. Prospera Financial Services Inc now owns 5,916 shares of the insurance provider’s stock worth $751,000 after purchasing an additional 1,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of The Hartford Insurance Group in the second quarter worth $820,000. Finally, Fidelis Capital Partners LLC increased its holdings in shares of The Hartford Insurance Group by 4.4% during the second quarter. Fidelis Capital Partners LLC now owns 2,037 shares of the insurance provider’s stock valued at $262,000 after purchasing an additional 86 shares during the period. 93.42% of the stock is currently owned by institutional investors and hedge funds.

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.