Mitsubishi UFJ Trust & Banking Corp Buys 4,924 Shares of The Hartford Insurance Group, Inc. $HIG

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,617 shares of the insurance provider’s stock after purchasing an additional 4,924 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of The Hartford Insurance Group worth $22,225,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in The Hartford Insurance Group by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 37,160,644 shares of the insurance provider’s stock valued at $4,714,571,000 after buying an additional 156,807 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of The Hartford Insurance Group by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 7,467,018 shares of the insurance provider’s stock worth $943,448,000 after acquiring an additional 57,539 shares in the last quarter. Invesco Ltd. raised its holdings in shares of The Hartford Insurance Group by 2.9% in the second quarter. Invesco Ltd. now owns 4,834,472 shares of the insurance provider’s stock valued at $613,349,000 after purchasing an additional 136,483 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of The Hartford Insurance Group by 5.3% in the third quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock worth $570,328,000 after purchasing an additional 215,941 shares in the last quarter. Finally, Norges Bank acquired a new position in The Hartford Insurance Group during the second quarter worth $506,329,000. 93.42% of the stock is currently owned by institutional investors.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, EVP Lori A. Rodden sold 7,841 shares of the company’s stock in a transaction 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 $2,252,344. This represents a 29.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction 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 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. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HIG has been the topic of several recent research reports. Evercore ISI lifted 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 research note on Wednesday, January 7th. Wall Street Zen downgraded The Hartford Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Royal Bank Of Canada assumed coverage on The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 price target for the company. UBS Group raised their price target on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Argus upped their price objective on The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.47.

The Hartford Insurance Group Trading Up 1.6%

Shares of The Hartford Insurance Group stock opened at $130.73 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. The business has a fifty day simple moving average of $134.96 and a two-hundred day simple moving average of $130.94. The Hartford Insurance Group, Inc. has a 1 year low of $105.98 and a 1 year high of $140.50. The company has a market capitalization of $36.43 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.14 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.76. The company had revenue of $1.05 billion for 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 company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 earnings per share. Research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

About The Hartford Insurance Group

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.