The Hartford Insurance Group (NYSE:HIG) EVP Sells $805,736.23 in Stock

The Hartford Insurance Group, Inc. (NYSE:HIG) EVP Lori Rodden sold 5,681 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total value of $805,736.23. Following the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,609,672. This represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Hartford Insurance Group Price Performance

Shares of HIG stock opened at $141.18 on Monday. The stock’s fifty day moving average is $135.93 and its 200-day moving average is $132.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The stock has a market capitalization of $39.34 billion, a PE ratio of 10.58, a PEG ratio of 1.09 and a beta of 0.61. The Hartford Insurance Group, Inc. has a 52 week low of $107.49 and a 52 week high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The business had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the business posted $2.94 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HIG. Evercore boosted their price objective on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Wells Fargo & Company lifted their target price on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Roth Mkm upped their price target on The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada started coverage on The Hartford Insurance Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

Institutional Trading of The Hartford Insurance Group

A number of hedge funds have recently modified their holdings of HIG. Allianz Asset Management GmbH lifted its holdings in shares of The Hartford Insurance Group by 24.9% in the third quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock worth $94,212,000 after acquiring an additional 140,624 shares during the last quarter. Canada Post Corp Registered Pension Plan increased its position in The Hartford Insurance Group by 252.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 24,540 shares of the insurance provider’s stock worth $3,245,000 after purchasing an additional 17,582 shares in the last quarter. National Pension Service lifted its stake in The Hartford Insurance Group by 6.7% in the 3rd quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock valued at $67,973,000 after purchasing an additional 31,912 shares during the last quarter. Nordea Investment Management AB lifted its stake in The Hartford Insurance Group by 5.3% in the 3rd quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock valued at $570,328,000 after purchasing an additional 215,941 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in The Hartford Insurance Group by 12.0% in the second quarter. New York State Common Retirement Fund now owns 209,238 shares of the insurance provider’s stock valued at $26,546,000 after buying an additional 22,500 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Company Profile

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.