The Hartford Insurance Group, Inc. $HIG Shares Acquired by REAP Financial Group LLC

REAP Financial Group LLC grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 170.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 701 shares of the insurance provider’s stock after acquiring an additional 442 shares during the quarter. REAP Financial Group LLC’s holdings in The Hartford Insurance Group were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. DMC Group LLC lifted its holdings in shares of The Hartford Insurance Group by 9.1% during the second quarter. DMC Group LLC now owns 5,578 shares of the insurance provider’s stock worth $708,000 after purchasing an additional 464 shares during the period. Shell Asset Management Co. lifted its holdings in shares of The Hartford Insurance Group by 26.1% during the second quarter. Shell Asset Management Co. now owns 56,755 shares of the insurance provider’s stock worth $7,201,000 after purchasing an additional 11,732 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of The Hartford Insurance Group by 8.3% during the second quarter. Belpointe Asset Management LLC now owns 6,252 shares of the insurance provider’s stock worth $793,000 after purchasing an additional 481 shares during the period. PUREfi Wealth LLC acquired a new stake in shares of The Hartford Insurance Group during the second quarter worth $250,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of The Hartford Insurance Group by 5.3% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 73,860 shares of the insurance provider’s stock worth $9,371,000 after purchasing an additional 3,725 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HIG shares. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Wednesday. Morgan Stanley increased their price target on The Hartford Insurance Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wells Fargo & Company raised their target price on The Hartford Insurance Group from $139.00 to $147.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays reduced their target price on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods raised their target price on The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group has an average rating of “Moderate Buy” and an average target price of $138.93.

Insider Buying and Selling at The Hartford Insurance Group

In other news, EVP Donald Christian Hunt sold 2,124 shares of The Hartford Insurance Group stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total value of $4,364,490.00. Following the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $9,580,389. This represents 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.

The Hartford Insurance Group Trading Down 0.6%

NYSE:HIG opened at $132.97 on Thursday. The company has a market capitalization of $37.39 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $135.17. The stock has a fifty day simple moving average of $131.22 and a 200-day simple moving average of $126.21.

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

The Hartford Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. The Hartford Insurance Group’s payout ratio is 18.86%.

The Hartford Insurance Group Company 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.