The Hartford Insurance Group, Inc. $HIG Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,254 shares of the insurance provider’s stock after acquiring an additional 458 shares during the period. Raiffeisen Bank International AG’s holdings in The Hartford Insurance Group were worth $1,271,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HIG. Woodline Partners LP boosted its holdings in The Hartford Insurance Group by 28,218.5% in the 1st quarter. Woodline Partners LP now owns 757,804 shares of the insurance provider’s stock valued at $93,763,000 after purchasing an additional 755,128 shares in the last quarter. Nuveen LLC acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at approximately $87,516,000. Bahl & Gaynor Inc. boosted its stake in shares of The Hartford Insurance Group by 47.0% in the first quarter. Bahl & Gaynor Inc. now owns 2,141,537 shares of the insurance provider’s stock valued at $264,972,000 after buying an additional 684,390 shares in the last quarter. Amundi grew its holdings in The Hartford Insurance Group by 27.4% during the first quarter. Amundi now owns 1,943,498 shares of the insurance provider’s stock worth $239,905,000 after acquiring an additional 417,951 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in The Hartford Insurance Group by 38.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,493,077 shares of the insurance provider’s stock worth $189,427,000 after acquiring an additional 414,216 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Hartford Insurance Group

In related news, EVP Donald Christian Hunt sold 2,124 shares of the 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Lori A. Rodden sold 7,841 shares of The Hartford Insurance Group stock in a transaction dated Wednesday, October 29th. The stock was 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 approximately $2,252,344. This represents a 29.88% decrease in their position. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HIG has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of The Hartford Insurance Group from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday. Wolfe Research began coverage on shares of The Hartford Insurance Group in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. UBS Group upped their target price on shares of The Hartford Insurance Group from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of The Hartford Insurance Group from $142.00 to $143.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Finally, Cantor Fitzgerald initiated coverage on The Hartford Insurance Group in a report on Wednesday, August 13th. They issued an “overweight” rating and a $152.00 price target on the stock. One investment 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. According to MarketBeat.com, The Hartford Insurance Group has an average rating of “Moderate Buy” and an average price target of $140.86.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $133.14 on Wednesday. The company has a 50-day moving average of $129.54 and a two-hundred day moving average of $128.16. The stock has a market cap of $37.10 billion, a P/E ratio of 10.88, a PEG ratio of 1.19 and a beta of 0.69. The Hartford Insurance Group, Inc. has a 12-month low of $104.93 and a 12-month high of $135.27. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, topping 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 business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same period last year, the company posted $2.53 EPS. The company’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Increases Dividend

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

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.