The Hartford Insurance Group, Inc. $HIG Shares Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 23.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,296 shares of the insurance provider’s stock after acquiring an additional 1,205 shares during the period. Mufg Securities Americas Inc.’s holdings in The Hartford Insurance Group were worth $799,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HIG. AE Wealth Management LLC boosted its holdings 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 acquiring an additional 396 shares during the last quarter. Cetera Investment Advisers increased its stake in The Hartford Insurance Group by 13.4% during the first quarter. Cetera Investment Advisers now owns 62,049 shares of the insurance provider’s stock worth $7,677,000 after acquiring an additional 7,314 shares during the last quarter. Applied Finance Capital Management LLC raised its holdings in shares of The Hartford Insurance Group by 14.1% in the 1st quarter. Applied Finance Capital Management LLC now owns 7,016 shares of the insurance provider’s stock worth $868,000 after purchasing an additional 865 shares during the period. HB Wealth Management LLC lifted its stake in shares of The Hartford Insurance Group by 52.3% in the 1st quarter. HB Wealth Management LLC now owns 7,588 shares of the insurance provider’s stock valued at $939,000 after purchasing an additional 2,606 shares in the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of The Hartford Insurance Group by 2.5% during the 1st quarter. Empirical Finance LLC now owns 10,894 shares of the insurance provider’s stock worth $1,348,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Activity at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 7,841 shares of the business’s 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 transaction, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,252,344. The trade was a 29.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 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 company insiders.

The Hartford Insurance Group Stock Performance

Shares of HIG stock opened at $136.34 on Monday. 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 Hartford Insurance Group, Inc. has a one year low of $104.93 and a one year high of $137.43. The company’s 50-day simple moving average is $129.66 and its 200-day simple moving average is $128.32. The stock has a market capitalization of $37.99 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.19 and a beta of 0.69.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 EPS 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 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 company posted $2.53 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be paid a $0.60 dividend. The ex-dividend date is Monday, December 1st. This is an increase from The Hartford Insurance Group’s previous quarterly dividend of $0.52. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 19.61%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price objective (up from $135.00) on shares of The Hartford Insurance Group in a research report on Friday, August 1st. Cantor Fitzgerald initiated coverage on The Hartford Insurance Group in a research note on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price objective on the stock. Finally, Wells Fargo & Company lowered their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.86.

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.