The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 2.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,179,191 shares of the insurance provider’s stock after selling 108,441 shares during the quarter. Dimensional Fund Advisors LP’s holdings in The Hartford Insurance Group were worth $640,747,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Horizon Investments LLC grew its stake in shares of The Hartford Insurance Group by 3.1% during the 1st quarter. Horizon Investments LLC now owns 4,161 shares of the insurance provider’s stock valued at $515,000 after buying an additional 125 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of The Hartford Insurance Group by 76.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 26,808 shares of the insurance provider’s stock worth $3,317,000 after purchasing an additional 11,582 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in shares of The Hartford Insurance Group by 286.3% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 19,278 shares of the insurance provider’s stock worth $2,385,000 after purchasing an additional 14,287 shares during the period. Sit Investment Associates Inc. purchased a new position in shares of The Hartford Insurance Group in the 1st quarter worth about $7,680,000. Finally, S Bank Fund Management Ltd purchased a new position in shares of The Hartford Insurance Group in the 1st quarter worth about $557,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Insurance Group Stock Performance

Shares of HIG stock opened at $131.38 on Friday. The Hartford Insurance Group, Inc. has a 12 month low of $104.93 and a 12 month high of $132.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $36.94 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.28 and a beta of 0.67. The company’s fifty day moving average price is $124.91 and its two-hundred day moving average price is $121.64.

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

The Hartford Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 2nd will be issued a $0.52 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.6%. The Hartford Insurance Group’s payout ratio is currently 18.86%.

Insider Buying and Selling

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,340 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $123.50, for a total value of $4,364,490.00. Following the transaction, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. The trade was a 31.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HIG. Cantor Fitzgerald began coverage on The Hartford Insurance Group in a report on Wednesday. They issued an “overweight” rating and a $152.00 price objective on the stock. Barclays cut their price objective on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, July 7th. Wall Street Zen raised shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Wells Fargo & Company upped their price target on shares of The Hartford Insurance Group from $138.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.64.

About The Hartford Insurance Group

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.