The Hartford Insurance Group, Inc. (NYSE:HIG) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. increased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 5.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 5,532 shares of the insurance provider’s stock after purchasing an additional 293 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in The Hartford Insurance Group were worth $684,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HIG. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group during the fourth quarter worth approximately $33,000. Center for Financial Planning Inc. acquired a new position in The Hartford Insurance Group during the 1st quarter worth $33,000. Itau Unibanco Holding S.A. acquired a new position in The Hartford Insurance Group in the fourth quarter worth about $35,000. Flagship Wealth Advisors LLC acquired a new position in The Hartford Insurance Group in the fourth quarter worth $36,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of The Hartford Insurance Group in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $124.71 on Friday. The Hartford Insurance Group, Inc. has a one year low of $99.11 and a one year high of $132.09. The stock has a fifty day moving average of $126.90 and a 200-day moving average of $118.83. The company has a market capitalization of $35.43 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, April 24th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $2.15 by $0.05. The Hartford Insurance Group had a return on equity of 18.73% and a net margin of 11.10%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 2nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Monday, June 2nd. The Hartford Insurance Group’s dividend payout ratio is presently 20.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HIG. Morgan Stanley lifted their target price on The Hartford Insurance Group from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods reduced their price objective on The Hartford Insurance Group from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group reduced their price objective on The Hartford Insurance Group from $118.00 to $117.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their price target on shares of The Hartford Insurance Group from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen raised shares of The Hartford Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.58.

Insider Buying and Selling

In other The Hartford Insurance Group news, SVP Allison G. Niderno sold 1,086 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $119.42, for a total transaction of $129,690.12. Following the completion of the sale, the senior vice president directly owned 622 shares of the company’s stock, valued at approximately $74,279.24. This represents a 63.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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.