The Hartford Insurance Group, Inc. $HIG Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 174.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,200 shares of the insurance provider’s stock after buying an additional 12,200 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in The Hartford Insurance Group were worth $2,561,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in The Hartford Insurance Group by 707.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after buying an additional 184 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in The Hartford Insurance Group during the 3rd quarter valued at $27,000. Vermillion & White Wealth Management Group LLC increased its position in shares of The Hartford Insurance Group by 72.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of The Hartford Insurance Group in the 2nd quarter valued at approximately $35,000. Finally, Addison Advisors LLC raised its holdings in The Hartford Insurance Group by 129.3% in the second quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at approximately $26,574,986.97. This represents a 50.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lori A. Rodden sold 5,681 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total transaction of $805,736.23. Following the completion of the transaction, the executive vice president directly owned 18,400 shares in the company, valued at $2,609,672. This trade represents a 23.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 343,928 shares of company stock worth $47,393,256 over the last 90 days. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

HIG has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Mizuho assumed coverage on The Hartford Insurance Group in a research note on Tuesday, December 16th. They set an “outperform” rating and a $160.00 target price for the company. Piper Sandler lifted their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Wells Fargo & Company lifted their price objective on shares of The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada started coverage on shares of The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

The Hartford Insurance Group Trading Down 0.3%

HIG stock opened at $139.32 on Friday. The business has a fifty day moving average price of $137.25 and a 200 day moving average price of $133.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a fifty-two week low of $107.49 and a fifty-two week high of $144.50. The stock has a market capitalization of $38.43 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.35 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.84. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 EPS. Analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio is 17.99%.

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.