Steph & Co. Sells 164 Shares of The Hartford Insurance Group, Inc. (NYSE:HIG)

Steph & Co. reduced its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,418 shares of the insurance provider’s stock after selling 164 shares during the quarter. Steph & Co.’s holdings in The Hartford Insurance Group were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HIG. Spurstone Advisory Services LLC bought a new stake in shares of The Hartford Insurance Group in the fourth quarter valued at about $33,000. Center for Financial Planning Inc. bought a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at about $33,000. Itau Unibanco Holding S.A. purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter worth approximately $35,000. Flagship Wealth Advisors LLC purchased a new stake in shares of The Hartford Insurance Group in the 4th quarter worth approximately $36,000. Finally, Curat Global LLC bought a new position in shares of The Hartford Insurance Group during the first quarter valued at approximately $49,000. 93.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Christopher Swift sold 1,144 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $125.00, for a total transaction of $143,000.00. Following the sale, the chief executive officer now directly owns 211,082 shares of the company’s stock, valued at approximately $26,385,250. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Allison G. Niderno sold 1,086 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the sale, the senior vice president now owns 622 shares in the company, valued at approximately $74,279.24. This represents a 63.58% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

The Hartford Insurance Group Price Performance

Shares of NYSE HIG opened at $126.56 on Wednesday. The Hartford Insurance Group, Inc. has a 52 week low of $98.16 and a 52 week high of $132.09. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The firm has a market cap of $35.96 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.23 and a beta of 0.71. The business’s 50 day moving average price is $125.77 and its 200 day moving average price is $118.09.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.05. The Hartford Insurance Group had a net margin of 11.10% and a return on equity of 18.73%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, June 2nd will be paid a $0.52 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.64%. The Hartford Insurance Group’s payout ratio is 20.74%.

Analyst Ratings Changes

HIG has been the topic of several recent research reports. UBS Group increased their target price on The Hartford Insurance Group from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Wells Fargo & Company dropped their price objective on The Hartford Insurance Group from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley increased their target price on shares of The Hartford Insurance Group from $115.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Piper Sandler lifted their price target on shares of The Hartford Insurance Group from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods decreased their price objective on The Hartford Insurance Group from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.15.

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.