The Hartford Insurance Group, Inc. $HIG Stock Bought by Vest Financial LLC

Vest Financial LLC boosted its holdings in The Hartford Insurance Group, Inc. (NYSE:HIG) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 534,073 shares of the insurance provider’s stock after purchasing an additional 66,251 shares during the quarter. Vest Financial LLC’s holdings in The Hartford Insurance Group were worth $65,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its position in shares of The Hartford Insurance Group by 3.7% during the third quarter. Quadrant Capital Group LLC now owns 8,017 shares of the insurance provider’s stock worth $1,052,000 after acquiring an additional 288 shares during the last quarter. Uncommon Cents Investing Inc grew its stake in The Hartford Insurance Group by 3.7% during the third quarter. Uncommon Cents Investing Inc now owns 39,060 shares of the insurance provider’s stock valued at $4,779,000 after acquiring an additional 1,410 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in The Hartford Insurance Group by 6.1% during the third quarter. Nisa Investment Advisors LLC now owns 94,058 shares of the insurance provider’s stock valued at $11,565,000 after acquiring an additional 5,405 shares in the last quarter. Focused Alpha LLC increased its holdings in The Hartford Insurance Group by 4.2% in the 3rd quarter. Focused Alpha LLC now owns 3,612 shares of the insurance provider’s stock valued at $442,000 after acquiring an additional 145 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in The Hartford Insurance Group by 1.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,236 shares of the insurance provider’s stock valued at $4,801,000 after acquiring an additional 729 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Down 0.5%

Shares of HIG opened at $135.76 on Thursday. The stock has a market capitalization of $36.77 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.49. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The business’s 50 day simple moving average is $133.45 and its 200-day simple moving average is $134.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share 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 firm had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period last year, the firm posted $3.41 earnings per share. The Hartford Insurance Group’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that The Hartford Insurance Group, Inc. will post 12.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HIG. Keefe, Bruyette & Woods decreased their price target on shares of The Hartford Insurance Group from $144.00 to $137.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. Piper Sandler reissued a “neutral” rating and set a $146.00 price objective (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday, July 15th. Mizuho cut their price objective on The Hartford Insurance Group from $154.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Cantor Fitzgerald raised their price objective on The Hartford Insurance Group from $144.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Finally, UBS Group reduced their target price on The Hartford Insurance Group from $155.00 to $149.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $145.25.

The Hartford Insurance Group Profile

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.