Dale Q Rice Investment Management Ltd Has $265,000 Stake in The Hartford Insurance Group, Inc. $HIG

Dale Q Rice Investment Management Ltd lessened its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 50.0% during the second quarter, Holdings Channel reports. The fund owned 2,200 shares of the insurance provider’s stock after selling 2,200 shares during the quarter. Dale Q Rice Investment Management Ltd’s holdings in The Hartford Insurance Group were worth $265,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC lifted its position in shares of 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 valued at $32,000 after acquiring an additional 155 shares during the period. Center for Financial Planning Inc. acquired a new position in shares of The Hartford Insurance Group during the 1st quarter valued at $33,000. Meeder Asset Management Inc. lifted its position in shares of The Hartford Insurance Group by 123.8% during the 1st quarter. Meeder Asset Management Inc. now owns 291 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 161 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of The Hartford Insurance Group during the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of The Hartford Insurance Group during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Performance

NYSE HIG opened at $124.37 on Friday. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $135.17. 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 cap of $34.97 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.20 and a beta of 0.69. The company has a fifty day moving average price of $131.43 and a 200-day moving average price of $126.47.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the prior year, the business posted $2.50 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd were paid a $0.52 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is presently 18.86%.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of The Hartford Insurance Group from $133.00 to $137.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Insurance Group from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Piper Sandler boosted their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company boosted their price target on shares of The Hartford Insurance Group from $139.00 to $147.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald started coverage on shares of The Hartford Insurance Group in a research note on Wednesday, August 13th. They set an “overweight” rating and a $152.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.07.

Insider Buying and Selling at The Hartford Insurance Group

In other news, CFO Beth Ann Costello sold 35,340 shares of the company’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 completion of the sale, the chief financial officer owned 77,574 shares in the company, valued at $9,580,389. This represents a 31.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Donald Christian Hunt sold 2,124 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.