Sienna Gestion Has $7.48 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Sienna Gestion increased its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,592 shares of the insurance provider’s stock after buying an additional 5,790 shares during the period. Sienna Gestion’s holdings in The Hartford Insurance Group were worth $7,482,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in The Hartford Insurance Group during the 1st quarter valued at about $233,000. Aurora Investment Counsel bought a new position in shares of The Hartford Insurance Group during the 1st quarter worth approximately $2,434,000. Ballentine Partners LLC lifted its position in shares of The Hartford Insurance Group by 12.2% during the 1st quarter. Ballentine Partners LLC now owns 28,906 shares of the insurance provider’s stock worth $3,577,000 after buying an additional 3,134 shares in the last quarter. Atlas Capital Advisors Inc. lifted its position in shares of The Hartford Insurance Group by 95.1% during the 1st quarter. Atlas Capital Advisors Inc. now owns 6,443 shares of the insurance provider’s stock worth $797,000 after buying an additional 3,140 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of The Hartford Insurance Group during the 1st quarter worth approximately $506,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on HIG shares. Morgan Stanley lifted their target price on shares of The Hartford Insurance Group from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Wall Street Zen cut shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup started coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $138.00 target price on the stock. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Saturday, October 25th. Finally, Cantor Fitzgerald assumed coverage on shares of The Hartford Insurance Group in a research report on Wednesday, August 13th. They set an “overweight” rating and a $152.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Hartford Insurance Group has an average rating of “Moderate Buy” and an average price target of $140.14.

Insiders Place Their Bets

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $122.41, for a total transaction of $959,816.81. Following the sale, the executive vice president owned 18,400 shares of the company’s stock, valued at $2,252,344. The trade was a 29.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Donald Christian Hunt sold 2,124 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $133.87, for a total transaction of $284,339.88. The SEC filing for this sale provides additional information. Insiders own 1.60% of the company’s stock.

The Hartford Insurance Group Trading Up 0.2%

Shares of HIG stock opened at $128.22 on Thursday. The company’s fifty day simple moving average is $129.64 and its two-hundred day simple moving average is $127.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.31. The Hartford Insurance Group, Inc. has a 1 year low of $104.93 and a 1 year high of $135.17. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.19 and a beta of 0.70.

The Hartford Insurance Group (NYSE:HIG) last issued its earnings results on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.76. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

The Hartford Insurance Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from The Hartford Insurance Group’s previous quarterly dividend of $0.52. The Hartford Insurance Group’s payout ratio is presently 19.61%.

About The Hartford Insurance Group

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.