Wealth Enhancement Advisory Services LLC Has $24.97 Million Holdings in The Hartford Insurance Group, Inc. $HIG

Wealth Enhancement Advisory Services LLC grew its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,453 shares of the insurance provider’s stock after buying an additional 32,846 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of The Hartford Insurance Group worth $24,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in The Hartford Insurance Group by 0.4% in the third quarter. State Street Corp now owns 16,031,840 shares of the insurance provider’s stock worth $2,146,749,000 after acquiring an additional 55,983 shares in the last quarter. Invesco Ltd. raised its holdings in shares of The Hartford Insurance Group by 10.3% during the 3rd quarter. Invesco Ltd. now owns 5,331,293 shares of the insurance provider’s stock valued at $711,141,000 after purchasing an additional 496,821 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of The Hartford Insurance Group by 1.9% in the 4th quarter. Nordea Investment Management AB now owns 4,389,329 shares of the insurance provider’s stock valued at $606,956,000 after purchasing an additional 81,712 shares during the last quarter. Norges Bank acquired a new stake in shares of The Hartford Insurance Group in the 2nd quarter valued at $506,329,000. Finally, Franklin Resources Inc. boosted its holdings in The Hartford Insurance Group by 3.3% in the third quarter. Franklin Resources Inc. now owns 3,376,931 shares of the insurance provider’s stock worth $450,449,000 after purchasing an additional 108,765 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group increased their target price on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company upped their target price on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Citigroup lifted their price target on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Roth Mkm boosted their price objective on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

The Hartford Insurance Group Price Performance

NYSE HIG opened at $135.40 on Wednesday. The stock has a 50-day simple moving average of $136.72 and a 200 day simple moving average of $133.95. The Hartford Insurance Group, Inc. has a twelve month low of $107.49 and a twelve month high of $144.50. The stock has a market capitalization of $37.35 billion, a PE ratio of 10.15, a P/E/G ratio of 1.32 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 Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, topping the consensus estimate 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 $7.31 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the business posted $2.94 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd will be issued 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 1.8%. The Hartford Insurance Group’s dividend payout ratio is 17.99%.

Insider Transactions at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the sale, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at $26,574,986.97. This trade represents a 50.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the business’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 transaction, the chief financial officer owned 77,574 shares in the company, valued at $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 384,621 shares of company stock worth $53,010,925. 1.60% of the stock is currently owned by company insiders.

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.