Swiss Life Asset Management Ltd Decreases Holdings in The Hartford Insurance Group, Inc. $HIG

Swiss Life Asset Management Ltd trimmed its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 8.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 117,402 shares of the insurance provider’s stock after selling 10,262 shares during the period. Swiss Life Asset Management Ltd’s holdings in The Hartford Insurance Group were worth $16,178,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in The Hartford Insurance Group by 707.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after buying an additional 184 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in The Hartford Insurance Group during the 3rd quarter worth about $26,000. United Financial Planning Group LLC purchased a new stake in The Hartford Insurance Group during the 3rd quarter worth about $29,000. Sunbelt Securities Inc. purchased a new stake in The Hartford Insurance Group during the 3rd quarter worth about $29,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in The Hartford Insurance Group by 144.8% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after buying an additional 152 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HIG. Cantor Fitzgerald decreased their price target on The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. Wells Fargo & Company lifted their target price on The Hartford Insurance Group from $156.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Roth Mkm lifted their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Citigroup lifted their target price on The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $149.31.

Insider Transactions at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 40,693 shares of the business’s 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 transaction, the executive vice president owned 25,392 shares in the company, valued at $3,505,365.60. The trade was a 61.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

The Hartford Insurance Group Stock Up 0.1%

HIG opened at $132.09 on Tuesday. The business’s 50-day simple moving average is $136.49 and its 200-day simple moving average is $135.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The Hartford Insurance Group, Inc. has a one year low of $119.61 and a one year high of $144.50. The stock has a market capitalization of $36.21 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 2.36 and a beta of 0.50.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The company had revenue of $14.45 billion during the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 EPS. Analysts anticipate that The Hartford Insurance Group, Inc. will post 13.24 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, March 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, March 2nd. The Hartford Insurance Group’s payout ratio is 16.87%.

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.