118,000 Shares in The Hartford Insurance Group, Inc. $HIG Bought by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 118,000 shares of the insurance provider’s stock, valued at approximately $15,740,000.

Several other hedge funds have also added to or reduced their stakes in HIG. Allianz Asset Management GmbH grew its holdings in shares of The Hartford Insurance Group by 24.9% in the third quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock worth $94,212,000 after purchasing an additional 140,624 shares during the last quarter. Canada Post Corp Registered Pension Plan boosted its position in The Hartford Insurance Group by 252.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 24,540 shares of the insurance provider’s stock valued at $3,245,000 after acquiring an additional 17,582 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in The Hartford Insurance Group by 109.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,174 shares of the insurance provider’s stock worth $3,358,000 after purchasing an additional 13,138 shares during the period. National Pension Service increased its stake in shares of The Hartford Insurance Group by 6.7% in the 3rd quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock worth $67,973,000 after acquiring an additional 31,912 shares in the last quarter. Finally, Raiffeisen Bank International AG increased its stake in shares of The Hartford Insurance Group by 102.0% during the third quarter. Raiffeisen Bank International AG now owns 20,709 shares of the insurance provider’s stock valued at $2,739,000 after purchasing an additional 10,455 shares in the last quarter. 93.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on HIG. Citigroup raised their price target on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Weiss Ratings raised The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, February 13th. UBS Group boosted their price objective on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on 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. Two equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.13.

The Hartford Insurance Group Stock Down 1.3%

Shares of HIG opened at $132.68 on Friday. The stock has a market capitalization of $36.60 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.29 and a beta of 0.60. The business’s 50 day simple moving average is $136.99 and its 200-day simple moving average is $133.87. 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, 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 quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business 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, equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, March 2nd will be given a $0.60 dividend. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 17.99%.

Insiders Place Their Bets

In other The Hartford Insurance Group news, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction that occurred 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 $10,595,056.92. This represents a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher Swift sold 100,970 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total value of $14,214,556.60. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 384,621 shares of company stock valued at $53,010,925 over the last ninety days. 1.50% 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.