Swiss Life Asset Management Ltd Has $17.03 Million Position in The Hartford Insurance Group, Inc. $HIG

Swiss Life Asset Management Ltd grew its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 31.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 127,664 shares of the insurance provider’s stock after buying an additional 30,868 shares during the period. Swiss Life Asset Management Ltd’s holdings in The Hartford Insurance Group were worth $17,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in The Hartford Insurance Group by 707.7% in the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock valued at $26,000 after buying an additional 184 shares during the period. JPL Wealth Management LLC acquired a new position in The Hartford Insurance Group in the 3rd quarter worth $26,000. Princeton Global Asset Management LLC bought a new position in The Hartford Insurance Group during the 3rd quarter worth about $27,000. United Financial Planning Group LLC acquired a new stake in shares of The Hartford Insurance Group in the 3rd quarter valued at about $29,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of The Hartford Insurance Group in the third quarter valued at about $29,000. 93.42% of the stock is owned by institutional investors.

The Hartford Insurance Group Stock Performance

Shares of HIG opened at $131.35 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $136.71 and its two-hundred day simple moving average is $133.89. The Hartford Insurance Group, Inc. has a 12 month low of $107.49 and a 12 month high of $144.50. The stock has a market capitalization of $36.23 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.29 and a beta of 0.60.

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

The Hartford Insurance Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Mkm increased their price objective on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Weiss Ratings upgraded shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 13th. Argus upped their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Evercore increased their price target on The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, The Hartford Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

Insiders Place Their Bets

In other news, CEO Christopher Swift sold 201,938 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the completion of the sale, the chief executive officer owned 194,817 shares of the company’s stock, valued at $26,574,986.97. This trade represents a 50.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the transaction, the chief financial officer owned 77,574 shares in the company, valued at $10,595,056.92. The trade was a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 384,621 shares of company stock worth $53,010,925. Corporate insiders own 1.50% of the company’s stock.

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.