Hillsdale Investment Management Inc. Increases Position in The Hartford Insurance Group, Inc. $HIG

Hillsdale Investment Management Inc. raised its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 4,600.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,050 shares of the insurance provider’s stock after acquiring an additional 6,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in The Hartford Insurance Group were worth $940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of The Hartford Insurance Group during the 1st quarter worth $207,000. Brookstone Capital Management purchased a new position in The Hartford Insurance Group during the second quarter worth about $210,000. Brighton Jones LLC acquired a new position in The Hartford Insurance Group in the 2nd quarter valued at about $244,000. Oppenheimer Asset Management Inc. grew its stake in shares of The Hartford Insurance Group by 30.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,193 shares of the insurance provider’s stock valued at $786,000 after buying an additional 1,454 shares during the period. Finally, Wealthfront Advisers LLC increased its holdings in shares of The Hartford Insurance Group by 2.7% during the 2nd quarter. Wealthfront Advisers LLC now owns 41,790 shares of the insurance provider’s stock worth $5,302,000 after buying an additional 1,080 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

The Hartford Insurance Group Stock Down 1.2%

Shares of The Hartford Insurance Group stock opened at $140.42 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group, Inc. has a 52-week low of $107.49 and a 52-week high of $144.50. The company has a market capitalization of $39.13 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.49 and a beta of 0.61. The company has a 50 day moving average of $136.93 and a 200 day moving average of $133.14.

The Hartford Insurance Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $2.94 EPS. As a group, research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio is currently 17.99%.

Insider Transactions at The Hartford Insurance Group

In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58. Following the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at $26,574,986.97. This represents a 50.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lori A. Rodden sold 5,681 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total transaction of $805,736.23. Following the sale, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,609,672. The trade was a 23.59% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 343,928 shares of company stock valued at $47,393,256. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on shares of The Hartford Insurance Group from $143.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada assumed coverage on shares of 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. Finally, Evercore 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 research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, The Hartford Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

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.