Grantham Mayo Van Otterloo & Co. LLC Decreases Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 17.2% during the third quarter, HoldingsChannel.com reports. The fund owned 113,039 shares of the insurance provider’s stock after selling 23,521 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in The Hartford Insurance Group were worth $15,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in The Hartford Insurance Group by 707.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of The Hartford Insurance Group by 72.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 99 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of The Hartford Insurance Group in the 2nd quarter worth about $35,000. Finally, Addison Advisors LLC boosted its holdings in shares of The Hartford Insurance Group by 129.3% in the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock worth $41,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Down 0.3%

Shares of The Hartford Insurance Group stock opened at $139.32 on Monday. The stock has a market capitalization of $38.43 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.35 and a beta of 0.60. The Hartford Insurance Group, Inc. has a 52-week low of $107.49 and a 52-week high of $144.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50-day simple moving average is $137.25 and its 200 day simple moving average is $133.80.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $2.94 earnings per share. As a group, research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 17.99%.

Insider Buying and Selling

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the sale, the chief executive officer owned 194,817 shares of the company’s stock, valued at $26,574,986.97. The trade was a 50.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lori A. Rodden sold 5,681 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total value of $805,736.23. Following the sale, the executive vice president owned 18,400 shares in the company, valued at approximately $2,609,672. This represents a 23.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 343,928 shares of company stock valued at $47,393,256. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Roth Mkm raised their price objective on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Cantor Fitzgerald boosted their target price on shares of The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. UBS Group increased their target price on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Citigroup raised 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 research note on Wednesday, February 4th. Finally, Morgan Stanley lifted their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

The Hartford Insurance Group 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.