HORAN Wealth LLC Trims Stock Position in The Hartford Insurance Group, Inc. $HIG

HORAN Wealth LLC decreased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG) by 49.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,078 shares of the insurance provider’s stock after selling 6,050 shares during the quarter. HORAN Wealth LLC’s holdings in The Hartford Insurance Group were worth $805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIG. JPL Wealth Management LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth approximately $26,000. First Pacific Financial purchased a new position in shares of The Hartford Insurance Group during the 1st quarter valued at approximately $26,000. MidFirst Bank purchased a new position in shares of The Hartford Insurance Group during the 2nd quarter valued at approximately $26,000. Navigoe LLC acquired a new position in shares of The Hartford Insurance Group in the 2nd quarter valued at $27,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of The Hartford Insurance Group in the 3rd quarter valued at $29,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HIG has been the topic of several analyst reports. Piper Sandler restated a “neutral” rating and set a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Wells Fargo & Company decreased their price objective on shares of The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Zacks Research upgraded shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. increased their target price on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada raised their target price on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $149.67.

The Hartford Insurance Group Trading Down 0.1%

Shares of NYSE:HIG opened at $138.19 on Monday. The business’s 50 day moving average price is $139.15 and its 200-day moving average price is $136.44. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.43 and a beta of 0.45. 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 (NYSE:HIG) last issued its quarterly 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 company had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.41 EPS. On average, equities research analysts forecast that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be paid 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 dividend yield of 1.7%. The Hartford Insurance Group’s payout ratio is currently 15.51%.

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.