5,865 Shares of The Hartford Insurance Group, Inc. $HIG Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,865 shares of the insurance provider’s stock, valued at approximately $738,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XXI Wealth LLC lifted its stake in The Hartford Insurance Group by 2.6% in the 3rd quarter. XXI Wealth LLC now owns 3,212 shares of the insurance provider’s stock valued at $393,000 after acquiring an additional 80 shares in the last quarter. Abacus Wealth Partners LLC boosted its position in The Hartford Insurance Group by 1.4% during the 3rd quarter. Abacus Wealth Partners LLC now owns 5,846 shares of the insurance provider’s stock worth $715,000 after acquiring an additional 82 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of The Hartford Insurance Group by 2.3% during the 3rd quarter. AdvisorNet Financial Inc now owns 3,619 shares of the insurance provider’s stock worth $478,000 after acquiring an additional 83 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of The Hartford Insurance Group by 5.4% during the 3rd quarter. Revolve Wealth Partners LLC now owns 1,649 shares of the insurance provider’s stock worth $202,000 after acquiring an additional 85 shares in the last quarter. Finally, Choreo LLC grew its stake in shares of The Hartford Insurance Group by 1.7% during the 3rd quarter. Choreo LLC now owns 4,998 shares of the insurance provider’s stock worth $615,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG opened at $136.99 on Friday. The stock has a 50 day moving average price of $132.67 and a 200 day moving average price of $135.63. The Hartford Insurance Group, Inc. has a 52 week low of $120.42 and a 52 week high of $146.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $36.63 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.93 and a beta of 0.48.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Monday, October 26th. The insurance provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.33. The firm had revenue of $7.22 billion during the quarter, compared to the consensus estimate of $7.37 billion. The Hartford Insurance Group had a return on equity of 20.93% and a net margin of 15.85%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $3.78 earnings per share. Analysts predict that The Hartford Insurance Group, Inc. will post 13.32 earnings per share for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.60. The Hartford Insurance Group’s payout ratio is currently 14.53%.

Insider Activity at The Hartford Insurance Group

In related news, CFO Beth Costello sold 31,597 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $135.75, for a total value of $4,289,292.75. Following the completion of the transaction, the chief financial officer directly owned 82,988 shares of the company’s stock, valued at approximately $11,265,621. This trade represents a 27.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

HIG has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of The Hartford Insurance Group from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Mizuho increased their target price on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Research raised shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Wells Fargo & Company downgraded shares of The Hartford Insurance Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $158.00 to $139.00 in a research report on Wednesday. Finally, UBS Group lowered their price target on shares of The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group has a consensus rating of “Hold” and an average price target of $143.56.

The Hartford Insurance Group Profile

The Hartford Financial Services Group, Inc., known as The Hartford, is a U.S.-based insurance company founded in 1810 and headquartered in Hartford, Connecticut. It provides property and casualty insurance and employee benefits to businesses, organizations and individuals. Its commercial insurance offerings include coverage such as workers’ compensation, general liability, commercial auto and property insurance. The company also provides group benefits, including life, disability and leave-management products, along with personal auto and homeowners insurance, which it offers through arrangements including its relationship with AARP.