The Hartford Insurance Group, Inc. $HIG Shares Sold by Barclays PLC

Barclays PLC trimmed its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 31.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 838,719 shares of the insurance provider’s stock after selling 383,583 shares during the period. Barclays PLC’s holdings in The Hartford Insurance Group were worth $115,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in The Hartford Insurance Group in the 3rd quarter valued at $26,000. Sunbelt Securities Inc. purchased a new position in The Hartford Insurance Group in the 3rd quarter valued at $29,000. United Financial Planning Group LLC purchased a new position in The Hartford Insurance Group in the 3rd quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its position in The Hartford Insurance Group by 144.8% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after buying an additional 152 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac purchased a new position in The Hartford Insurance Group in the 4th quarter valued at $36,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of analyst reports. Cantor Fitzgerald lowered their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Mizuho decreased their target price on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Piper Sandler decreased their target price on shares of The Hartford Insurance Group from $154.00 to $148.00 and set an “overweight” rating on the stock in a research report on Thursday, June 11th. UBS Group decreased their target price on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Wells Fargo & Company decreased their target price on shares of The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.31.

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $129.72 on Tuesday. The firm has a market capitalization of $35.56 billion, a PE ratio of 9.12, a P/E/G ratio of 2.35 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 52 week low of $119.61 and a 52 week high of $144.50. The firm’s 50-day simple moving average is $134.21 and its 200 day simple moving average is $135.61. The company has a quick ratio of 0.31, a current 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 Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The business had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The Hartford Insurance Group’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 earnings per share. On average, equities research analysts predict that The Hartford Insurance Group, Inc. will post 13.05 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is presently 16.87%.

Insider Buying and Selling

In related news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the sale, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group 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.