Ceredex Value Advisors LLC Sells 21,200 Shares of The Hartford Insurance Group, Inc. $HIG

Ceredex Value Advisors LLC reduced its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 12.8% during the third quarter, HoldingsChannel reports. The firm owned 143,950 shares of the insurance provider’s stock after selling 21,200 shares during the period. Ceredex Value Advisors LLC’s holdings in The Hartford Insurance Group were worth $19,201,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC grew 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 in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of The Hartford Insurance Group during the 3rd quarter valued at $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of The Hartford Insurance Group by 72.8% during the 2nd 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 bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter worth $35,000. Finally, Addison Advisors LLC grew its position 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 worth $41,000 after acquiring an additional 181 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 5,681 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total value of $805,736.23. Following the transaction, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,609,672. The trade was a 23.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total value of $4,826,600.62. Following the completion of the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at $10,595,056.92. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 343,928 shares of company stock worth $47,393,256 in the last ninety days. 1.60% of the stock is owned by insiders.

The Hartford Insurance Group Stock Performance

The Hartford Insurance Group stock opened at $137.91 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $38.04 billion, a PE ratio of 10.34, a P/E/G ratio of 1.35 and a beta of 0.60. The firm has a fifty day simple moving average of $137.24 and a two-hundred day simple moving average of $133.83. The Hartford Insurance Group, Inc. has a twelve month low of $107.49 and a twelve month high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data 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 firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $2.94 earnings per share. Research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is currently 17.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group increased their target price on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. upped their price objective on The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Mizuho started coverage on The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price objective on the stock. Wells Fargo & Company raised their price objective on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, Evercore boosted their target price on 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.13.

The Hartford Insurance Group 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.