The Hartford Insurance Group, Inc. $HIG Holdings Decreased by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. decreased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 52,509 shares of the insurance provider’s stock after selling 463 shares during the period. Woodley Farra Manion Portfolio Management Inc.’s holdings in The Hartford Insurance Group were worth $6,689,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC grew its position in The Hartford Insurance Group by 9.2% during the second quarter. Intech Investment Management LLC now owns 77,489 shares of the insurance provider’s stock valued at $9,831,000 after purchasing an additional 6,501 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of The Hartford Insurance Group by 5.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,678 shares of the insurance provider’s stock valued at $8,840,000 after acquiring an additional 3,908 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of The Hartford Insurance Group in the second quarter worth $214,000. Advisors Capital Management LLC raised its holdings in shares of The Hartford Insurance Group by 12.1% during the second quarter. Advisors Capital Management LLC now owns 8,382 shares of the insurance provider’s stock worth $1,063,000 after acquiring an additional 908 shares in the last quarter. Finally, Donoghue Forlines LLC acquired a new stake in The Hartford Insurance Group during the second quarter valued at $2,757,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Insurance Group Trading Up 0.2%

NYSE:HIG opened at $133.90 on Friday. The company’s 50 day moving average is $129.47 and its 200-day moving average is $127.96. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $135.27. The firm has a market cap of $37.31 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.19 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The Hartford Insurance Group’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $2.53 EPS. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 1st will be paid a $0.60 dividend. The ex-dividend date is Monday, December 1st. This is a boost from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HIG. Evercore ISI lifted their price target on The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. UBS Group raised their price objective on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wolfe Research assumed coverage on shares of The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Keefe, Bruyette & Woods raised their price target on shares of The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective (up previously from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.14.

Insider Activity

In related news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total transaction of $959,816.81. Following the completion of the sale, the executive vice president owned 18,400 shares in the company, valued at $2,252,344. This represents a 29.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $133.87, for a total value of $284,339.88. Additional details regarding this sale are available in the official SEC disclosure. 1.50% of the stock is currently owned by insiders.

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.