United Capital Financial Advisors LLC Takes $1.50 Million Position in The Hartford Insurance Group, Inc. $HIG

United Capital Financial Advisors LLC purchased a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,295 shares of the insurance provider’s stock, valued at approximately $1,497,000.

A number of other large investors have also modified their holdings of the company. First Pacific Financial acquired a new position in The Hartford Insurance Group during the 1st quarter valued at about $26,000. MidFirst Bank bought a new position in The Hartford Insurance Group in the 2nd quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in shares of The Hartford Insurance Group in the third quarter valued at approximately $26,000. Navigoe LLC acquired a new stake in shares of The Hartford Insurance Group in the second quarter valued at approximately $27,000. Finally, Phillip James Consulting Co. bought a new stake in shares of The Hartford Insurance Group during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Up 0.5%

Shares of The Hartford Insurance Group stock opened at $138.51 on Friday. 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 Hartford Insurance Group, Inc. has a 12-month low of $120.33 and a 12-month high of $146.07. The firm has a market capitalization of $37.52 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 3.40 and a beta of 0.46. The stock’s fifty day moving average is $138.49 and its 200-day moving average is $136.58.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the firm posted $3.41 earnings per share. The Hartford Insurance Group’s revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio is presently 15.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HIG. Keefe, Bruyette & Woods boosted their price objective on The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Piper Sandler restated a “neutral” rating and issued a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Mizuho upped their price objective on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b+)” rating on shares of The Hartford Insurance Group in a research report on Monday, August 24th. Finally, Royal Bank Of Canada raised their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hartford Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $149.67.

About The Hartford Insurance Group

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.