Tobias Financial Advisors Inc. Invests $941,000 in The Hartford Insurance Group, Inc. $HIG

Tobias Financial Advisors Inc. purchased a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,832 shares of the insurance provider’s stock, valued at approximately $941,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new position in The Hartford Insurance Group during the third quarter valued at about $26,000. United Financial Planning Group LLC bought a new position in The Hartford Insurance Group during the third quarter valued at about $29,000. Sunbelt Securities Inc. bought a new position in The Hartford Insurance Group during the third quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC increased its stake in The Hartford Insurance Group by 144.8% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 152 shares during the period. Finally, Sound Income Strategies LLC increased its stake in The Hartford Insurance Group by 45.3% during the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 87 shares during the period. 93.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HIG shares. Keefe, Bruyette & Woods lowered their price target on The Hartford Insurance Group from $149.00 to $142.00 and set a “market perform” rating on the stock in a research note on Thursday, June 4th. Mizuho lowered their price target on The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Barclays lowered their price target on The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday. Bank of America boosted their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings downgraded The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $147.31.

The Hartford Insurance Group Stock Down 0.1%

NYSE HIG opened at $129.49 on Monday. 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 stock’s 50 day moving average is $134.34 and its two-hundred day moving average is $135.66. The company has a market capitalization of $35.50 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.35 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 1-year low of $119.61 and a 1-year high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 earnings per share. Equities analysts forecast that The Hartford Insurance Group, Inc. will post 13.05 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s payout ratio is presently 16.87%.

Insider Activity at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 of the company’s stock, valued at $5,163,047.04. The trade was a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by 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.