Westover Capital Advisors LLC Purchases 6,084 Shares of The Hartford Insurance Group, Inc. $HIG

Westover Capital Advisors LLC raised its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 56.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,822 shares of the insurance provider’s stock after buying an additional 6,084 shares during the period. Westover Capital Advisors LLC’s holdings in The Hartford Insurance Group were worth $2,318,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Signal Advisors Wealth LLC boosted its position in The Hartford Insurance Group by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock valued at $240,000 after buying an additional 75 shares during the last quarter. Sound Income Strategies LLC boosted its position in The Hartford Insurance Group by 45.3% in the 4th quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock valued at $36,000 after buying an additional 87 shares during the last quarter. Larson Financial Group LLC boosted its position in The Hartford Insurance Group by 16.4% in the 3rd quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider’s stock valued at $83,000 after buying an additional 87 shares during the last quarter. REAP Financial Group LLC boosted its position in The Hartford Insurance Group by 12.7% in the 3rd quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider’s stock valued at $105,000 after buying an additional 89 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs boosted its position in The Hartford Insurance Group by 0.8% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 11,939 shares of the insurance provider’s stock valued at $1,645,000 after buying an additional 89 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Up 0.1%

NYSE:HIG opened at $136.15 on Monday. The Hartford Insurance Group, Inc. has a 12-month low of $119.61 and a 12-month high of $144.50. 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 firm has a market capitalization of $37.32 billion, a P/E ratio of 9.57, a P/E/G ratio of 2.45 and a beta of 0.50. The stock’s fifty day simple moving average is $135.68 and its 200-day simple moving average is $135.93.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts expect that The Hartford Insurance Group, Inc. will post 13.14 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 1st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 16.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HIG. Morgan Stanley increased their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Citigroup increased their price objective on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Cantor Fitzgerald reduced their price target on 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. Bank of America raised their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company raised their price target on The Hartford Insurance Group from $156.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.31.

Insider Activity

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the transaction, the executive vice president directly owned 25,392 shares in the company, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

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.