Kepler Cheuvreux Suisse SA Takes Position in The Hartford Insurance Group, Inc. $HIG

Kepler Cheuvreux Suisse SA bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) in the 3rd quarter, HoldingsChannel reports. The fund bought 139,766 shares of the insurance provider’s stock, valued at approximately $18,639,000.

Several other large investors have also recently bought and sold shares of HIG. Princeton Global Asset Management LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC boosted its position in The Hartford Insurance Group by 707.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 184 shares during the period. Vermillion & White Wealth Management Group LLC grew its stake in The Hartford Insurance Group by 72.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of The Hartford Insurance Group in the 2nd quarter valued at about $35,000. Finally, Addison Advisors LLC increased its holdings in shares of The Hartford Insurance Group by 129.3% in the 2nd quarter. Addison Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 181 shares during the period. 93.42% of the stock is owned by institutional investors and hedge funds.

The Hartford Insurance Group Trading Down 0.6%

Shares of NYSE HIG opened at $137.18 on Wednesday. The stock has a market cap of $37.84 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.34 and a beta of 0.60. The business has a 50 day simple moving average of $137.20 and a 200 day simple moving average of $133.86. 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 debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31.

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

The Hartford Insurance Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on HIG. UBS Group raised their price target on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Citigroup upped their price objective on shares of The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Roth Mkm increased their target price on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, February 13th. Finally, Keefe, Bruyette & Woods boosted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

Insiders Place Their Bets

In other news, CFO Beth Ann Costello sold 35,339 shares of the company’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 transaction of $4,826,600.62. Following the completion of the transaction, the chief financial officer directly owned 77,574 shares in the company, valued at $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lori A. Rodden sold 5,681 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total value of $805,736.23. Following the completion of the sale, the executive vice president directly owned 18,400 shares of the company’s stock, valued at $2,609,672. This represents a 23.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 343,928 shares of company stock valued at $47,393,256 in the last three months. Company insiders own 1.60% of the company’s stock.

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.