The Hartford Insurance Group, Inc. $HIG Stake Decreased by First Financial Bank Trust Division

First Financial Bank Trust Division lessened its position in The Hartford Insurance Group, Inc. (NYSE:HIG) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,279 shares of the insurance provider’s stock after selling 5,624 shares during the quarter. First Financial Bank Trust Division’s holdings in The Hartford Insurance Group were worth $8,232,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HIG. Y Intercept Hong Kong Ltd purchased a new position in shares of The Hartford Insurance Group during the first quarter valued at approximately $4,131,000. Strs Ohio lifted its stake in shares of The Hartford Insurance Group by 4.7% during the 1st quarter. Strs Ohio now owns 199,619 shares of the insurance provider’s stock worth $26,994,000 after acquiring an additional 8,890 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of The Hartford Insurance Group during the 1st quarter worth approximately $69,310,000. Arbejdsmarkedets Tillaegspension boosted its holdings in The Hartford Insurance Group by 4.6% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 187,110 shares of the insurance provider’s stock valued at $25,303,000 after acquiring an additional 8,250 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in The Hartford Insurance Group in the 2nd quarter valued at $2,286,000. 93.42% of the stock is owned by hedge funds and other institutional investors.

The Hartford Insurance Group Stock Up 2.8%

NYSE:HIG traded up $3.47 during mid-day trading on Thursday, reaching $125.83. The company’s stock had a trading volume of 2,699,347 shares, compared to its average volume of 1,630,126. 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, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The stock has a fifty day moving average of $136.90 and a 200-day moving average of $135.37. The firm has a market capitalization of $34.08 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45.

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 net margin of 15.00% and a return on equity of 21.66%. The business had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter last year, the firm posted $3.41 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts forecast that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 15.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays cut their price target on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 22nd. Keefe, Bruyette & Woods upped their target price on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Piper Sandler reaffirmed a “neutral” rating and set a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company lowered their price target on The Hartford Insurance Group from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, The Hartford Insurance Group has an average rating of “Hold” and an average price target of $149.07.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, Inc, commonly known as The Hartford, is an insurance and financial services company headquartered in Hartford, Connecticut. Founded in 1810, the company provides insurance products and related services to businesses, individuals and institutional customers primarily in the United States.

The Hartford’s main business includes commercial property and casualty insurance, workers’ compensation, liability coverage, commercial auto insurance and other products for businesses of various sizes.