The Hartford Insurance Group, Inc. $HIG Stock Position Lowered by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4.7% in the third quarter, HoldingsChannel reports. The firm owned 92,763 shares of the insurance provider’s stock after selling 4,560 shares during the period. Resona Asset Management Co. Ltd.’s holdings in The Hartford Insurance Group were worth $12,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of The Hartford Insurance Group in the first quarter worth $207,000. Perigon Wealth Management LLC lifted its stake in The Hartford Insurance Group by 10.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,108 shares of the insurance provider’s stock worth $394,000 after acquiring an additional 289 shares in the last quarter. Kathmere Capital Management LLC boosted its position in The Hartford Insurance Group by 18.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 8,953 shares of the insurance provider’s stock worth $1,136,000 after acquiring an additional 1,424 shares during the period. LVW Advisors LLC grew its stake in The Hartford Insurance Group by 11.0% during the 2nd quarter. LVW Advisors LLC now owns 5,415 shares of the insurance provider’s stock valued at $687,000 after acquiring an additional 537 shares in the last quarter. Finally, BayBridge Capital Group LLC increased its holdings in shares of The Hartford Insurance Group by 2.4% in the 2nd quarter. BayBridge Capital Group LLC now owns 3,776 shares of the insurance provider’s stock valued at $479,000 after purchasing an additional 89 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

The Hartford Insurance Group Stock Performance

HIG stock opened at $128.52 on Monday. The firm has a 50 day moving average of $134.99 and a two-hundred day moving average of $130.87. The Hartford Insurance Group, Inc. has a 12 month low of $105.98 and a 12 month high of $140.50. The company has a market capitalization of $35.81 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 1.14 and a beta of 0.61. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.76. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 12.75% and a return on equity of 21.07%. The Hartford Insurance Group’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 EPS. As a group, equities analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Insider Transactions at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 7,841 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $122.41, for a total value of $959,816.81. Following the transaction, the executive vice president directly owned 18,400 shares of the company’s stock, valued at approximately $2,252,344. This trade represents a 29.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Beth Ann Costello sold 35,339 shares of the business’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 value of $4,826,600.62. Following the completion of the sale, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. This trade represents a 31.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Mizuho began coverage on shares of The Hartford Insurance Group in a report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price target for the company. Argus upped their price objective on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada began coverage on shares of The Hartford Insurance Group in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 target price for the company. Evercore ISI boosted their price target on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a report on Wednesday, January 7th. Finally, Wall Street Zen downgraded shares of The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.47.

The Hartford Insurance Group 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.