The Hartford Insurance Group, Inc. $HIG Holdings Reduced by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,279 shares of the insurance provider’s stock after selling 5,624 shares during the quarter. First Financial Bank Trust Division’s holdings in The Hartford Insurance Group were worth $8,232,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of The Hartford Insurance Group in the second quarter worth $4,067,052,000. Dimensional Fund Advisors LP grew its stake in The Hartford Insurance Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,699,459 shares of the insurance provider’s stock valued at $635,490,000 after acquiring an additional 72,448 shares in the last quarter. Bank of America Corp DE increased its holdings in The Hartford Insurance Group by 2.1% in the 1st quarter. Bank of America Corp DE now owns 3,831,622 shares of the insurance provider’s stock valued at $518,150,000 after acquiring an additional 79,827 shares during the last quarter. Franklin Resources Inc. increased its holdings in The Hartford Insurance Group by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 3,557,609 shares of the insurance provider’s stock valued at $490,239,000 after acquiring an additional 180,678 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in The Hartford Insurance Group by 5.8% in the 1st quarter. First Trust Advisors LP now owns 3,461,607 shares of the insurance provider’s stock worth $468,113,000 after purchasing an additional 189,916 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HIG shares. Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 22nd. Wells Fargo & Company decreased their target price on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Monday, July 27th. Mizuho lowered The Hartford Insurance Group from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $163.00 to $154.00 in a research note on Wednesday, September 16th. Barclays cut their price target on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Finally, Royal Bank Of Canada upped their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $149.07.

The Hartford Insurance Group Price Performance

Shares of The Hartford Insurance Group stock traded up $3.47 during trading hours on Thursday, reaching $125.83. The company’s stock had a trading volume of 2,699,347 shares, compared to its average volume of 1,630,126. The firm has a 50 day moving average price of $136.90 and a 200-day moving average price of $135.37. The Hartford Insurance Group, Inc. has a one year low of $120.33 and a one year high of $146.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $34.08 billion, a P/E ratio of 8.13, a P/E/G ratio of 2.21 and a beta of 0.45.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.26. The firm had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.41 EPS. On average, analysts predict that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 15.51%.

About The Hartford Insurance Group

The Hartford Financial Services Group, Inc, commonly known as The Hartford, is an insurance and financial services company headquartered in Hartford, Connecticut. Founded in 1810, the company provides insurance products and related services to businesses, individuals and institutional customers primarily in the United States.

The Hartford’s main business includes commercial property and casualty insurance, workers’ compensation, liability coverage, commercial auto insurance and other products for businesses of various sizes.