Hunter Perkins Capital Management LLC Has $5.71 Million Stake in The Hartford Insurance Group, Inc. $HIG

Hunter Perkins Capital Management LLC reduced its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 24.5% in the 4th quarter, Holdings Channel reports. The firm owned 41,229 shares of the insurance provider’s stock after selling 13,373 shares during the quarter. The Hartford Insurance Group comprises approximately 1.3% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Hunter Perkins Capital Management LLC’s holdings in The Hartford Insurance Group were worth $5,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of HIG. Ashton Thomas Private Wealth LLC bought a new position in shares of The Hartford Insurance Group during the 1st quarter worth about $207,000. Advisors Asset Management Inc. boosted its position in shares of The Hartford Insurance Group by 48.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 25,832 shares of the insurance provider’s stock valued at $3,277,000 after acquiring an additional 8,377 shares in the last quarter. Choreo LLC increased its stake in The Hartford Insurance Group by 8.1% in the second quarter. Choreo LLC now owns 5,395 shares of the insurance provider’s stock valued at $687,000 after acquiring an additional 403 shares during the period. Vinva Investment Management Ltd raised its position in The Hartford Insurance Group by 33.8% in the second quarter. Vinva Investment Management Ltd now owns 19,171 shares of the insurance provider’s stock worth $2,390,000 after purchasing an additional 4,844 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in The Hartford Insurance Group by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 7,995 shares of the insurance provider’s stock worth $1,014,000 after purchasing an additional 458 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on HIG shares. JPMorgan Chase & Co. raised their price target on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Roth Mkm increased their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Cantor Fitzgerald raised their target price on 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. Morgan Stanley boosted their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company upped their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

The Hartford Insurance Group Price Performance

Shares of HIG stock opened at $132.29 on Friday. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $136.90 and its 200-day moving average is $133.98. The firm has a market capitalization of $36.49 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.28 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG) last issued 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 net margin of 13.52% and a return on equity of 21.92%. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business posted $2.94 earnings per share. The Hartford Insurance Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is 17.99%.

Insider Transactions at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 100,970 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total value of $14,214,556.60. Following the transaction, the chief executive officer owned 194,817 shares in the company, valued at $27,426,337.26. This trade represents a 34.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total value of $5,617,668.65. Following the completion of the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 384,621 shares of company stock worth $53,010,925 over the last 90 days. 1.50% of the stock is owned by 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.