Canada Post Corp Registered Pension Plan Increases Position in The Hartford Insurance Group, Inc. $HIG

Canada Post Corp Registered Pension Plan increased its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 252.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,540 shares of the insurance provider’s stock after buying an additional 17,582 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in The Hartford Insurance Group were worth $3,245,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its position in The Hartford Insurance Group by 24.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock worth $94,212,000 after purchasing an additional 140,624 shares in the last quarter. National Pension Service boosted its stake in shares of The Hartford Insurance Group by 6.7% during the 3rd quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock worth $67,973,000 after purchasing an additional 31,912 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of The Hartford Insurance Group by 5.3% during the third quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock worth $570,328,000 after buying an additional 215,941 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of The Hartford Insurance Group by 12.0% during the second quarter. New York State Common Retirement Fund now owns 209,238 shares of the insurance provider’s stock valued at $26,546,000 after buying an additional 22,500 shares during the period. Finally, Capital Fund Management S.A. boosted its position in The Hartford Insurance Group by 94.9% during the second quarter. Capital Fund Management S.A. now owns 140,342 shares of the insurance provider’s stock worth $17,805,000 after acquiring an additional 68,351 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

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Analysts Set New Price Targets

HIG has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Cantor Fitzgerald lifted their price objective on The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Weiss Ratings lowered The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, January 29th. Evercore raised their price target on The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada began coverage on The Hartford Insurance Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.13.

View Our Latest Report on The Hartford Insurance Group

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $142.64 on Friday. The business has a 50-day moving average of $135.10 and a two-hundred day moving average of $131.80. The firm has a market capitalization of $39.75 billion, a PE ratio of 10.69, a P/E/G ratio of 1.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.32. The Hartford Insurance Group, Inc. has a 12 month low of $107.49 and a 12 month high of $144.50.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.84. The business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.94 EPS. As a group, research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

Insider Activity at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 100,970 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $140.78, for a total transaction of $14,214,556.60. Following the completion of the sale, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at approximately $27,426,337.26. This represents a 34.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 338,247 shares of company stock valued at $46,587,520. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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