PBU The Pension Fund of Early Childhood & Youth Educators Invests $10.77 Million in The Hartford Insurance Group, Inc. $HIG

PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 78,151 shares of the insurance provider’s stock, valued at approximately $10,769,000.

A number of other large investors have also recently made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of The Hartford Insurance Group by 125.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,264 shares of the insurance provider’s stock worth $9,269,000 after buying an additional 37,400 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of The Hartford Insurance Group by 5.2% in the 4th quarter. Parallel Advisors LLC now owns 16,466 shares of the insurance provider’s stock worth $2,269,000 after buying an additional 821 shares during the last quarter. Lifestyle Asset Management Inc. increased its holdings in shares of The Hartford Insurance Group by 10.8% in the 4th quarter. Lifestyle Asset Management Inc. now owns 13,166 shares of the insurance provider’s stock worth $1,814,000 after buying an additional 1,281 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of The Hartford Insurance Group by 37.4% in the 4th quarter. Vise Technologies Inc. now owns 20,751 shares of the insurance provider’s stock worth $2,860,000 after buying an additional 5,643 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in The Hartford Insurance Group by 19.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 66,603 shares of the insurance provider’s stock valued at $9,178,000 after purchasing an additional 10,832 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $132.25 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $36.25 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.37 and a beta of 0.47. The firm’s 50-day moving average is $134.89 and its 200 day moving average is $135.84. The Hartford Insurance Group, Inc. has a 12 month low of $119.61 and a 12 month high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The Hartford Insurance Group’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 earnings per share. Research analysts predict that The Hartford Insurance Group, Inc. will post 13.12 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, July 2nd. Shareholders of record on Monday, June 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is currently 16.87%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HIG. Weiss Ratings downgraded shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Wells Fargo & Company cut their price target on shares of The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho cut their price target on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday. Cantor Fitzgerald cut their price target on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Bank of America upped their price target on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.19.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the transaction, the president directly owned 38,208 shares in the company, valued at $5,163,047.04. This represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Lori A. Rodden sold 40,693 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the transaction, the executive vice president owned 25,392 shares in the company, valued at $3,505,365.60. This represents a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is owned by corporate insiders.

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.