77,647 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 77,647 shares of the insurance provider’s stock, valued at approximately $10,290,000.

Several other hedge funds have also bought and sold shares of the stock. First Pacific Financial acquired a new position in shares of The Hartford Insurance Group in the 1st quarter valued at $26,000. MidFirst Bank purchased a new stake in The Hartford Insurance Group during the second quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in The Hartford Insurance Group during the third quarter valued at $26,000. Navigoe LLC acquired a new stake in The Hartford Insurance Group during the second quarter valued at $27,000. Finally, Phillip James Consulting Co. purchased a new position in The Hartford Insurance Group in the first quarter valued at $29,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group

In related news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the sale, the president directly owned 38,208 shares in the company, valued at approximately $5,163,047.04. The trade was a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HIG shares. Mizuho increased their target price on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. UBS Group cut their price objective on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Zacks Research lowered shares of The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Royal Bank Of Canada upped their price target on The Hartford Insurance Group from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $149.67.

The Hartford Insurance Group Trading Down 0.3%

Shares of The Hartford Insurance Group stock opened at $137.17 on Friday. The firm has a market capitalization of $37.16 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 3.38 and a beta of 0.46. The Hartford Insurance Group, Inc. has a fifty-two week low of $120.33 and a fifty-two week high of $146.07. 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 stock has a 50 day moving average of $137.43 and a 200 day moving average of $136.64.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts predict that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 15.51%.

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.