Stevens Capital Management LP Purchases 406 Shares of The Hartford Insurance Group, Inc. $HIG

Stevens Capital Management LP boosted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the insurance provider’s stock after acquiring an additional 406 shares during the quarter. Stevens Capital Management LP’s holdings in The Hartford Insurance Group were worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HIG. Kestra Private Wealth Services LLC grew its holdings in The Hartford Insurance Group by 17.7% during the first quarter. Kestra Private Wealth Services LLC now owns 4,992 shares of the insurance provider’s stock worth $618,000 after purchasing an additional 749 shares during the period. AE Wealth Management LLC raised its stake in The Hartford Insurance Group by 19.7% in the first quarter. AE Wealth Management LLC now owns 2,403 shares of the insurance provider’s stock valued at $297,000 after buying an additional 396 shares during the period. Cetera Investment Advisers lifted its position in shares of The Hartford Insurance Group by 13.4% in the first quarter. Cetera Investment Advisers now owns 62,049 shares of the insurance provider’s stock valued at $7,677,000 after buying an additional 7,314 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of The Hartford Insurance Group by 14.1% during the 1st quarter. Applied Finance Capital Management LLC now owns 7,016 shares of the insurance provider’s stock worth $868,000 after acquiring an additional 865 shares during the period. Finally, HB Wealth Management LLC boosted its stake in shares of The Hartford Insurance Group by 52.3% during the 1st quarter. HB Wealth Management LLC now owns 7,588 shares of the insurance provider’s stock worth $939,000 after acquiring an additional 2,606 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $136.34 on Friday. The Hartford Insurance Group, Inc. has a 52 week low of $104.93 and a 52 week high of $137.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.32. The firm’s 50-day simple moving average is $129.66 and its 200 day simple moving average is $128.32. The firm has a market cap of $37.99 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 1.19 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) 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 firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 11.11 earnings per share 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. Shareholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is 19.61%.

Insider Buying and Selling at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president owned 18,400 shares in the company, valued at approximately $2,252,344. This trade represents a 29.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on The Hartford Insurance Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Citigroup initiated coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $138.00 price objective on the stock. Wells Fargo & Company cut their target price on shares of The Hartford Insurance Group from $147.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (a-)” rating on shares of The Hartford Insurance Group in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.86.

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.