The Hartford Insurance Group, Inc. $HIG Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4,600.0% in the third quarter, Holdings Channel reports. The firm owned 7,050 shares of the insurance provider’s stock after acquiring an additional 6,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in The Hartford Insurance Group were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in The Hartford Insurance Group in the first quarter valued at approximately $207,000. Brookstone Capital Management acquired a new position in shares of The Hartford Insurance Group in the 2nd quarter valued at $210,000. Brighton Jones LLC purchased a new stake in The Hartford Insurance Group in the 2nd quarter valued at $244,000. Oppenheimer Asset Management Inc. raised its position in The Hartford Insurance Group by 30.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,193 shares of the insurance provider’s stock valued at $786,000 after purchasing an additional 1,454 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in The Hartford Insurance Group by 2.7% during the 2nd quarter. Wealthfront Advisers LLC now owns 41,790 shares of the insurance provider’s stock worth $5,302,000 after purchasing an additional 1,080 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Down 1.2%

Shares of HIG stock opened at $140.42 on Tuesday. The business’s fifty day moving average price is $136.93 and its 200 day moving average price is $133.14. The firm has a market capitalization of $39.13 billion, a PE ratio of 10.53, a P/E/G ratio of 1.49 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.32. The Hartford Insurance Group, Inc. has a 1-year low of $107.49 and a 1-year high of $144.50.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the company earned $2.94 earnings per share. The Hartford Insurance Group’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

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

Insider Buying and Selling at The Hartford Insurance Group

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Swift sold 201,938 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58. Following the completion of the transaction, the chief executive officer owned 194,817 shares of the company’s stock, valued at approximately $26,574,986.97. This represents a 50.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 343,928 shares of company stock valued at $47,393,256. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Argus lifted their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Wells Fargo & Company boosted their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Morgan Stanley increased their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada began coverage on The Hartford Insurance Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 target price on the stock. Finally, UBS Group upped their price target on The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

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.