4,955 Shares in The Hartford Insurance Group, Inc. $HIG Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. acquired a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,955 shares of the insurance provider’s stock, valued at approximately $661,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of The Hartford Insurance Group during the 1st quarter valued at about $207,000. Blair William & Co. IL raised its stake in The Hartford Insurance Group by 12.2% in the second quarter. Blair William & Co. IL now owns 8,610 shares of the insurance provider’s stock valued at $1,092,000 after purchasing an additional 936 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in The Hartford Insurance Group by 41.7% during the second quarter. Concurrent Investment Advisors LLC now owns 2,673 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 787 shares during the last quarter. CWM LLC grew its stake in The Hartford Insurance Group by 4.8% in the 2nd quarter. CWM LLC now owns 15,849 shares of the insurance provider’s stock worth $2,011,000 after buying an additional 720 shares in the last quarter. Finally, MGO One Seven LLC increased its holdings in shares of The Hartford Insurance Group by 29.3% in the 2nd quarter. MGO One Seven LLC now owns 5,986 shares of the insurance provider’s stock worth $759,000 after buying an additional 1,358 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on HIG shares. Wells Fargo & Company lifted their price objective on shares of The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods raised their price target on The Hartford Insurance Group from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Morgan Stanley upped their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Citigroup boosted their target price on The Hartford Insurance Group from $138.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings cut shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

Insider Buying and Selling at The Hartford Insurance Group

In other news, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $136.41, for a total value of $27,546,362.58. Following the completion of the transaction, the chief executive officer owned 194,817 shares of the company’s stock, valued at $26,574,986.97. The trade was a 50.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $136.58, for a total transaction of $4,826,600.62. Following the sale, the chief financial officer directly owned 77,574 shares in the company, valued at $10,595,056.92. This trade represents a 31.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 338,247 shares of company stock valued at $46,587,520 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Performance

Shares of NYSE:HIG opened at $141.92 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group, Inc. has a 12 month low of $107.49 and a 12 month high of $144.50. The company has a market cap of $39.54 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.61. The company has a 50-day moving average price of $135.49 and a 200-day moving average price of $132.18.

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

The Hartford Insurance Group 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.