The Hartford Insurance Group (NYSE:HIG) CEO Christopher Swift Sells 100,970 Shares of Stock

The Hartford Insurance Group, Inc. (NYSE:HIGGet Free Report) CEO Christopher Swift sold 100,970 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total transaction of $14,214,556.60. Following the sale, the chief executive officer owned 194,817 shares of the company’s stock, valued at approximately $27,426,337.26. The trade was a 34.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Christopher Swift also recently made the following trade(s):

  • On Monday, February 2nd, Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58.

The Hartford Insurance Group Trading Up 0.2%

HIG opened at $142.64 on Friday. The business’s 50 day moving average price is $135.10 and its 200 day moving average price is $131.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The stock has a market capitalization of $39.75 billion, a PE ratio of 10.69, a P/E/G ratio of 1.10 and a beta of 0.61. The Hartford Insurance Group, Inc. has a one year low of $107.49 and a one year high of $144.50.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.22 by $0.84. The business had revenue of $7.34 billion for 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 company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.94 EPS. As a group, equities research analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

Institutional Trading of The Hartford Insurance Group

A number of institutional investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC lifted its stake in The Hartford Insurance Group by 707.7% during the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in The Hartford Insurance Group during the third quarter worth approximately $26,000. Princeton Global Asset Management LLC purchased a new stake in shares of The Hartford Insurance Group during the 3rd quarter worth approximately $27,000. Private Wealth Management Group LLC grew its position in shares of The Hartford Insurance Group by 151.1% in the 2nd quarter. Private Wealth Management Group LLC now owns 221 shares of the insurance provider’s stock valued at $28,000 after buying an additional 133 shares during the last quarter. Finally, United Financial Planning Group LLC purchased a new position in shares of The Hartford Insurance Group in the 3rd quarter valued at $29,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting The Hartford Insurance Group

Here are the key news stories impacting The Hartford Insurance Group this week:

Analysts Set New Price Targets

HIG has been the topic of several research analyst reports. UBS Group boosted their price objective on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 8th. Argus raised 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. Cantor Fitzgerald upped their target price on shares of The Hartford Insurance Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Mizuho assumed coverage on shares of The Hartford Insurance Group in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

Read Our Latest Research Report on The Hartford Insurance Group

About The Hartford Insurance Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for The Hartford Insurance Group (NYSE:HIG)

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