Canada Post Corp Registered Pension Plan Boosts Holdings in The Hartford Insurance Group, Inc. $HIG

Canada Post Corp Registered Pension Plan increased its position in The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 252.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,540 shares of the insurance provider’s stock after buying an additional 17,582 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in The Hartford Insurance Group were worth $3,245,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in The Hartford Insurance Group by 24.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock valued at $94,212,000 after buying an additional 140,624 shares during the last quarter. National Pension Service lifted its stake in shares of The Hartford Insurance Group by 6.7% in the third quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock worth $67,973,000 after acquiring an additional 31,912 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of The Hartford Insurance Group by 5.3% in the third quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock worth $570,328,000 after acquiring an additional 215,941 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in The Hartford Insurance Group by 12.0% in the second quarter. New York State Common Retirement Fund now owns 209,238 shares of the insurance provider’s stock valued at $26,546,000 after purchasing an additional 22,500 shares during the last quarter. Finally, Capital Fund Management S.A. grew its stake in The Hartford Insurance Group by 94.9% during the 2nd quarter. Capital Fund Management S.A. now owns 140,342 shares of the insurance provider’s stock valued at $17,805,000 after purchasing an additional 68,351 shares in the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hartford Insurance Group

In related news, CEO Christopher Swift sold 100,970 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total transaction of $14,214,556.60. Following the completion of the transaction, the chief executive officer owned 194,817 shares in the company, valued at $27,426,337.26. The trade was a 34.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Beth Ann Costello sold 35,339 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $136.58, for a total value of $4,826,600.62. Following the transaction, the chief financial officer owned 77,574 shares of the company’s stock, valued at approximately $10,595,056.92. The trade was a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 338,247 shares of company stock worth $46,587,520. Company insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Trading Up 0.2%

The Hartford Insurance Group stock opened at $142.64 on Friday. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The firm’s 50-day moving average is $135.10 and its 200-day moving average is $131.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The company has a market cap of $39.75 billion, a P/E ratio of 10.69, a PEG ratio of 1.10 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The firm had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. The Hartford Insurance Group’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts expect that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on HIG. Mizuho started coverage on The Hartford Insurance Group in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $160.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Morgan Stanley upped their price target on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. UBS Group raised their price objective 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. Finally, Roth Mkm upped their target price on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $148.13.

Get Our Latest Analysis on HIG

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The Hartford Insurance Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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