Vanguard Personalized Indexing Management LLC Raises Holdings in The Hartford Insurance Group, Inc. $HIG

Vanguard Personalized Indexing Management LLC lifted its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 6.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 77,966 shares of the insurance provider’s stock after purchasing an additional 4,583 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in The Hartford Insurance Group were worth $10,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of The Hartford Insurance Group by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 37,160,644 shares of the insurance provider’s stock worth $4,714,571,000 after acquiring an additional 156,807 shares in the last quarter. Geode Capital Management LLC grew its stake in The Hartford Insurance Group by 0.8% in the second quarter. Geode Capital Management LLC now owns 7,467,018 shares of the insurance provider’s stock valued at $943,448,000 after purchasing an additional 57,539 shares during the last quarter. Invesco Ltd. raised its holdings in The Hartford Insurance Group by 2.9% in the second quarter. Invesco Ltd. now owns 4,834,472 shares of the insurance provider’s stock worth $613,349,000 after purchasing an additional 136,483 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of The Hartford Insurance Group by 5.3% during the third quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock valued at $570,328,000 after buying an additional 215,941 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of The Hartford Insurance Group in the 2nd quarter worth approximately $506,329,000. Institutional investors own 93.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HIG. Wells Fargo & Company raised their target price on shares of The Hartford Insurance Group from $140.00 to $153.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their target price on The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Morgan Stanley increased their price target on The Hartford Insurance Group from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a research report on Monday, December 29th. Finally, Cantor Fitzgerald boosted their target price on shares of The Hartford Insurance Group from $152.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $148.47.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the transaction, the chief financial officer owned 77,574 shares in the company, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.60% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of The Hartford Insurance Group stock opened at $130.73 on Tuesday. The stock has a market capitalization of $36.43 billion, a P/E ratio of 10.68, a PEG ratio of 1.14 and a beta of 0.61. The business has a 50 day simple moving average of $134.96 and a two-hundred day simple moving average of $130.94. The Hartford Insurance Group, Inc. has a 12 month low of $105.98 and a 12 month high of $140.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $3.78 EPS for the quarter, topping the consensus estimate of $3.02 by $0.76. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.07% and a net margin of 12.75%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 earnings per share. As a group, analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

About The Hartford Insurance Group

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.