Banque Transatlantique SA Has $153,000 Holdings in The Hartford Insurance Group, Inc. $HIG

Banque Transatlantique SA increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 1,861.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,334 shares of the insurance provider’s stock after buying an additional 1,266 shares during the quarter. Banque Transatlantique SA’s holdings in The Hartford Insurance Group were worth $153,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HIG. Park Square Financial Group LLC raised its stake in The Hartford Insurance Group by 146.2% during the 1st quarter. Park Square Financial Group LLC now owns 261 shares of the insurance provider’s stock worth $32,000 after buying an additional 155 shares during the period. Spurstone Advisory Services LLC acquired a new stake in shares of The Hartford Insurance Group in the 4th quarter valued at about $33,000. Center for Financial Planning Inc. acquired a new stake in shares of The Hartford Insurance Group in the 1st quarter valued at about $33,000. Meeder Asset Management Inc. raised its stake in shares of The Hartford Insurance Group by 123.8% in the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 161 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake 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.

Insider Buying and Selling

In related news, CFO Beth Ann Costello sold 35,340 shares of The Hartford Insurance Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the transaction, the chief financial officer owned 77,574 shares in the company, valued at approximately $9,580,389. This trade represents a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HIG shares. Morgan Stanley lifted their price target on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. UBS Group lifted their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Barclays dropped their price target on The Hartford Insurance Group from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, July 7th. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price target (up previously from $135.00) on shares of The Hartford Insurance Group in a research note on Friday, August 1st. Finally, Wall Street Zen raised The Hartford Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.00.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $134.70 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50-day simple moving average is $126.94 and its 200 day simple moving average is $123.71. The company has a market cap of $37.87 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.29 and a beta of 0.72. The Hartford Insurance Group, Inc. has a 52-week low of $104.93 and a 52-week high of $135.17.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.58. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. The Hartford Insurance Group had a return on equity of 19.60% and a net margin of 11.83%.The Hartford Insurance Group’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.50 earnings per share. As a group, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.5%. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 18.86%.

The Hartford Insurance Group 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.