7,244 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH purchased a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,244 shares of the insurance provider’s stock, valued at approximately $960,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HIG. JPL Wealth Management LLC acquired a new position in The Hartford Insurance Group in the 3rd quarter valued at $26,000. First Pacific Financial acquired a new position in shares of The Hartford Insurance Group during the first quarter worth about $26,000. MidFirst Bank purchased a new position in The Hartford Insurance Group during the second quarter worth about $26,000. Navigoe LLC acquired a new stake in The Hartford Insurance Group in the second quarter valued at about $27,000. Finally, Sunbelt Securities Inc. purchased a new stake in The Hartford Insurance Group in the 3rd quarter valued at approximately $29,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $138.51 on Friday. The firm has a market capitalization of $37.52 billion, a PE ratio of 8.95, a P/E/G ratio of 3.38 and a beta of 0.46. The Hartford Insurance Group, Inc. has a 52 week low of $120.33 and a 52 week high of $146.07. The firm’s 50-day simple moving average is $138.49 and its 200 day simple moving average is $136.58. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.17 billion. During the same period in the previous year, the firm posted $3.41 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that The Hartford Insurance Group, Inc. will post 12.8 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a 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%.

Analyst Ratings Changes

Several research firms have recently commented on HIG. Zacks Research raised The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald boosted their target price on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods increased their price target on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of The Hartford Insurance Group in a report on Monday. Finally, Mizuho increased their target price on shares of The Hartford Insurance Group from $154.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, The Hartford Insurance Group has an average rating of “Hold” and an average price target of $149.67.

The Hartford Insurance Group Company 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.