The Hartford Insurance Group, Inc. $HIG Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,307,617 shares of the insurance provider’s stock after acquiring an additional 215,941 shares during the quarter. Nordea Investment Management AB’s holdings in The Hartford Insurance Group were worth $570,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in The Hartford Insurance Group during the third quarter valued at $27,000. Private Wealth Management Group LLC lifted its position in shares of The Hartford Insurance Group by 151.1% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock worth $28,000 after buying an additional 133 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of The Hartford Insurance Group by 72.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after buying an additional 99 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at about $35,000. Finally, Signature Resources Capital Management LLC acquired a new stake in The Hartford Insurance Group during the second quarter worth about $38,000. 93.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HIG. Keefe, Bruyette & Woods upped their target price on The Hartford Insurance Group from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Royal Bank Of Canada initiated coverage on The Hartford Insurance Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price objective for the company. Wolfe Research started coverage on The Hartford Insurance Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Argus boosted their price target on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Mizuho initiated coverage on shares of The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.07.

Insider Buying and Selling

In other news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $136.58, for a total value of $4,826,600.62. Following the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total value of $959,816.81. Following the sale, the executive vice president owned 18,400 shares of the company’s stock, valued at $2,252,344. This trade represents a 29.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by company insiders.

The Hartford Insurance Group Trading Down 0.8%

Shares of HIG stock opened at $135.23 on Tuesday. The Hartford Insurance Group, Inc. has a 1 year low of $105.54 and a 1 year high of $140.50. The firm has a market capitalization of $37.68 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. The stock has a fifty day moving average of $135.10 and a two-hundred day moving average of $130.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32.

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 for the quarter, topping the consensus estimate of $3.02 by $0.76. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.53 earnings per share. As a group, research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Increases Dividend

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

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.