Integrated Quantitative Investments LLC Makes New $1 Million Investment in The Hartford Insurance Group, Inc. $HIG

Integrated Quantitative Investments LLC bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,501 shares of the insurance provider’s stock, valued at approximately $1,001,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cornerstone Planning Group LLC grew its stake in The Hartford Insurance Group by 707.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of The Hartford Insurance Group by 72.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in The Hartford Insurance Group during the second quarter valued at about $35,000. Finally, Addison Advisors LLC grew its position in The Hartford Insurance Group by 129.3% during the second quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after buying an additional 181 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HIG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Piper Sandler raised their price target on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. UBS Group upped their price objective on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Argus increased their price objective on The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Citigroup raised their target price on The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, The Hartford Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

The Hartford Insurance Group Trading Up 0.9%

NYSE:HIG opened at $142.31 on Thursday. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The stock’s fifty day moving average price is $137.24 and its two-hundred day moving average price is $133.68. 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 company has a market cap of $39.26 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.37 and a beta of 0.60.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.84. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 EPS. As a group, analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Christopher Swift sold 100,970 shares of The Hartford Insurance Group stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total transaction of $14,214,556.60. Following the completion of the sale, the chief executive officer owned 194,817 shares of the company’s stock, valued at approximately $27,426,337.26. This trade represents a 34.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $136.58, for a total value of $4,826,600.62. Following the transaction, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 343,928 shares of company stock valued at $47,393,256. Company insiders own 1.50% of the company’s stock.

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.