New York Life Investment Management LLC Buys 139 Shares of The Hartford Insurance Group, Inc. $HIG

New York Life Investment Management LLC increased its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,652 shares of the insurance provider’s stock after acquiring an additional 139 shares during the quarter. New York Life Investment Management LLC’s holdings in The Hartford Insurance Group were worth $5,411,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Private Wealth Management Group LLC lifted its position in The Hartford Insurance Group by 151.1% during the second quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 133 shares during the last quarter. Park Square Financial Group LLC lifted its position in The Hartford Insurance Group by 146.2% during the first quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 155 shares during the last quarter. Meeder Asset Management Inc. lifted its position in The Hartford Insurance Group by 123.8% during the first quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 161 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new position in The Hartford Insurance Group during the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC bought a new position in The Hartford Insurance Group during the second quarter valued at $38,000. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Down 0.3%

Shares of HIG opened at $122.37 on Thursday. The Hartford Insurance Group, Inc. has a 1-year low of $104.93 and a 1-year high of $135.17. The company has a 50-day moving average of $130.40 and a 200 day moving average of $127.11. The firm has a market capitalization of $34.41 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.18 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same quarter last year, the business posted $2.53 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s dividend payout ratio (DPR) is 19.61%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley increased their price objective on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Raymond James Financial restated an “outperform” rating and issued a $140.00 target price (up previously from $135.00) on shares of The Hartford Insurance Group in a report on Friday, August 1st. Wolfe Research started coverage on shares of The Hartford Insurance Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Weiss Ratings lowered shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Saturday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.57.

Insider Transactions at The Hartford Insurance Group

In related news, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the sale, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. This trade represents a 31.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.