Tredje AP fonden Has $6.76 Million Holdings in The Hartford Insurance Group, Inc. $HIG

Tredje AP fonden increased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,032 shares of the insurance provider’s stock after purchasing an additional 6,431 shares during the quarter. Tredje AP fonden’s holdings in The Hartford Insurance Group were worth $6,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of The Hartford Insurance Group by 286,241.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock valued at $10,178,152,000 after purchasing an additional 73,835,976 shares during the last quarter. Danske Bank A S purchased a new position in The Hartford Insurance Group during the third quarter worth about $91,398,000. Balyasny Asset Management L.P. grew its position in The Hartford Insurance Group by 6,431.8% in the 3rd quarter. Balyasny Asset Management L.P. now owns 643,443 shares of the insurance provider’s stock worth $85,829,000 after purchasing an additional 633,592 shares in the last quarter. Zurich Insurance Group Ltd FI increased its stake in The Hartford Insurance Group by 208.2% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 799,973 shares of the insurance provider’s stock valued at $106,708,000 after buying an additional 540,445 shares during the last quarter. Finally, Invesco Ltd. lifted its position 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 worth $711,141,000 after buying an additional 496,821 shares in the last quarter. Institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction that occurred on Tuesday, March 10th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Trading Down 1.2%

NYSE HIG opened at $134.90 on Wednesday. The firm has a market capitalization of $36.98 billion, a PE ratio of 9.48, a P/E/G ratio of 2.45 and a beta of 0.50. The stock’s 50 day moving average is $135.70 and its 200 day moving average is $135.67. The Hartford Insurance Group, Inc. has a twelve month low of $119.61 and a twelve month high of $144.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The firm had revenue of $14.45 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the business posted $2.20 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts forecast that The Hartford Insurance Group, Inc. will post 13.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HIG shares. Weiss Ratings restated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday, May 13th. Mizuho increased their price target on The Hartford Insurance Group from $158.00 to $159.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Barclays cut their price objective on The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Citigroup boosted their price target on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Cantor Fitzgerald decreased their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.31.

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.