QRG Capital Management Inc. Increases Stock Holdings in The Hartford Insurance Group, Inc. $HIG

QRG Capital Management Inc. boosted its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 56.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,041 shares of the insurance provider’s stock after buying an additional 113,871 shares during the period. QRG Capital Management Inc.’s holdings in The Hartford Insurance Group were worth $39,969,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. NorthRock Partners LLC grew its holdings in shares of The Hartford Insurance Group by 2.6% during the 1st quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 80 shares during the last quarter. Wayfinding Financial LLC grew its position in shares of The Hartford Insurance Group by 3.0% in the 1st quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider’s stock worth $355,000 after buying an additional 84 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider’s stock valued at $356,000 after acquiring an additional 88 shares in the last quarter. BayBridge Capital Group LLC raised its holdings in The Hartford Insurance Group by 2.4% in the second quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock worth $479,000 after buying an additional 89 shares during the last quarter. Finally, GSB Wealth Management LLC boosted its stake in The Hartford Insurance Group by 2.4% during the 2nd quarter. GSB Wealth Management LLC now owns 3,849 shares of the insurance provider’s stock valued at $488,000 after purchasing an additional 90 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. 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 research report on Monday, August 4th. Wolfe Research began coverage on The Hartford Insurance Group in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. UBS Group lifted their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.93.

The Hartford Insurance Group Trading Up 0.4%

Shares of NYSE:HIG opened at $133.51 on Friday. The stock has a 50 day moving average of $130.65 and a 200 day moving average of $125.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market cap of $37.54 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $135.17.

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

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 18.86%.

Insider Transactions at The Hartford Insurance Group

In other news, EVP Donald Christian Hunt sold 2,124 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Beth Ann Costello sold 35,340 shares of the 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 transaction, the chief financial officer directly owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. The trade was a 31.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

About The Hartford Insurance Group

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.