Capitolis Liquid Global Markets LLC Invests $15.74 Million in The Hartford Insurance Group, Inc. $HIG

Capitolis Liquid Global Markets LLC purchased a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 118,000 shares of the insurance provider’s stock, valued at approximately $15,740,000.

Several other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC acquired a new position in The Hartford Insurance Group during the third quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of The Hartford Insurance Group by 707.7% during the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after buying an additional 184 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in The Hartford Insurance Group in the 3rd quarter worth about $29,000. Vermillion & White Wealth Management Group LLC raised its position in shares of The Hartford Insurance Group by 72.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 235 shares of the insurance provider’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of The Hartford Insurance Group during the 2nd quarter valued at $35,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Insurance Group

In other news, EVP Lori A. Rodden sold 40,693 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at $3,505,365.60. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Beth Ann Costello sold 35,339 shares of the business’s stock in a transaction on 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. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 384,621 shares of company stock worth $53,010,925 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock opened at $132.68 on Friday. The firm has a market capitalization of $36.60 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 1.29 and a beta of 0.60. 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 current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $136.99 and its 200 day simple moving average is $133.87.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, beating 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 company had revenue of $7.31 billion during 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 firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, analysts anticipate that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is presently 17.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HIG. Evercore lifted their price objective on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the company an “in-line” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada began coverage on shares of The Hartford Insurance Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $145.00 target price on the stock. Wells Fargo & Company increased their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Argus boosted their target price on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, UBS Group increased their price target on The Hartford Insurance Group from $151.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

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.