Plato Investment Management Ltd Sells 2,005 Shares of The Hartford Insurance Group, Inc. $HIG

Plato Investment Management Ltd lowered its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 10.9% during the first quarter, Holdings Channel reports. The firm owned 16,453 shares of the insurance provider’s stock after selling 2,005 shares during the period. Plato Investment Management Ltd’s holdings in The Hartford Insurance Group were worth $2,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisory Alpha LLC raised its holdings in shares of The Hartford Insurance Group by 48.2% during the 1st quarter. Advisory Alpha LLC now owns 2,765 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 899 shares in the last quarter. Bayforest Capital Ltd raised its holdings in The Hartford Insurance Group by 120.4% in the 1st quarter. Bayforest Capital Ltd now owns 3,084 shares of the insurance provider’s stock worth $382,000 after acquiring an additional 1,685 shares during the period. Optimize Financial Inc raised its holdings in The Hartford Insurance Group by 12.9% in the 1st quarter. Optimize Financial Inc now owns 3,170 shares of the insurance provider’s stock worth $392,000 after acquiring an additional 363 shares during the period. Woodline Partners LP raised its holdings in The Hartford Insurance Group by 28,218.5% in the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock worth $93,763,000 after acquiring an additional 755,128 shares during the period. Finally, Dean Capital Management raised its holdings in The Hartford Insurance Group by 2.0% in the 1st quarter. Dean Capital Management now owns 16,370 shares of the insurance provider’s stock worth $2,025,000 after acquiring an additional 321 shares during the period. Institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the business’s 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. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HIG. UBS Group lifted their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Wells Fargo & Company lifted their target price on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Barclays dropped their target price on shares of The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $138.00.

The Hartford Insurance Group Stock Performance

NYSE:HIG opened at $131.13 on Thursday. The firm’s 50-day moving average is $127.41 and its 200-day moving average is $124.22. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $135.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $36.87 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.27 and a beta of 0.72.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period in the previous year, the business earned $2.50 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be given a $0.52 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The Hartford Insurance Group’s payout ratio is 18.86%.

The Hartford Insurance Group 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.