The Hartford Insurance Group, Inc. $HIG Holdings Trimmed by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG - Free Report) by 6.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 272,163 shares of the insurance provider's stock after selling 17,385 shares during the quarter. Wedge Capital Management L L P NC owned 0.10% of The Hartford Insurance Group worth $34,529,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. NorthRock Partners LLC increased its holdings in shares of The Hartford Insurance Group by 2.6% in the 1st quarter. NorthRock Partners LLC now owns 3,177 shares of the insurance provider's stock valued at $395,000 after acquiring an additional 80 shares during the period. Wayfinding Financial LLC grew its position in The Hartford Insurance Group by 3.0% in the first quarter. Wayfinding Financial LLC now owns 2,861 shares of the insurance provider's stock valued at $355,000 after acquiring an additional 84 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in The Hartford Insurance Group by 3.2% during the first quarter. Wealthspire Advisors LLC now owns 2,877 shares of the insurance provider's stock worth $356,000 after purchasing an additional 88 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in The Hartford Insurance Group by 29.4% in the second quarter. Harbor Capital Advisors Inc. now owns 400 shares of the insurance provider's stock worth $51,000 after buying an additional 91 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in The Hartford Insurance Group by 1.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,580 shares of the insurance provider's stock worth $690,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 93.42% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen upgraded The Hartford Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. UBS Group increased their price objective on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a "buy" rating in a report on Monday, August 4th. Morgan Stanley lifted their price objective on The Hartford Insurance Group from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Finally, Citigroup started coverage on shares of The Hartford Insurance Group in a report on Wednesday, August 13th. They set a "neutral" rating and a $138.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $138.00.

Read Our Latest Analysis on HIG

Insider Buying and Selling

In related news, CFO Beth Ann Costello sold 35,340 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $123.50, for a total transaction of $4,364,490.00. Following the completion of the transaction, the chief financial officer owned 77,574 shares in the company, valued at approximately $9,580,389. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Donald Christian Hunt sold 2,124 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $133.87, for a total transaction of $284,339.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

The Hartford Insurance Group Stock Down 0.4%

HIG stock opened at $130.90 on Friday. The Hartford Insurance Group, Inc. has a fifty-two week low of $104.93 and a fifty-two week high of $135.17. The firm's 50-day simple moving average is $128.62 and its 200 day simple moving average is $124.92. The stock has a market cap of $36.81 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.27 and a beta of 0.72. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.25.

The Hartford Insurance Group (NYSE:HIG - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.58. The Hartford Insurance Group had a net margin of 11.83% and a return on equity of 19.60%. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.02 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 2nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.6%. The Hartford Insurance Group's dividend payout ratio is 18.86%.

The Hartford Insurance Group Profile

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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