Vanguard Personalized Indexing Management LLC Raises Stake in The Hartford Insurance Group, Inc. $HIG

Vanguard Personalized Indexing Management LLC grew its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 10.9% in the fourth quarter, Holdings Channel reports. The firm owned 86,479 shares of the insurance provider’s stock after acquiring an additional 8,513 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in The Hartford Insurance Group were worth $11,917,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HIG. Panagora Asset Management Inc. lifted its stake in The Hartford Insurance Group by 43.0% in the fourth quarter. Panagora Asset Management Inc. now owns 1,518,322 shares of the insurance provider’s stock worth $209,225,000 after acquiring an additional 456,478 shares during the period. Seven Mile Advisory lifted its stake in The Hartford Insurance Group by 5.8% in the fourth quarter. Seven Mile Advisory now owns 1,874 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 103 shares during the period. MML Investors Services LLC lifted its stake in The Hartford Insurance Group by 67.9% in the fourth quarter. MML Investors Services LLC now owns 60,772 shares of the insurance provider’s stock worth $8,374,000 after acquiring an additional 24,575 shares during the period. Mariner LLC lifted its stake in The Hartford Insurance Group by 1.5% in the fourth quarter. Mariner LLC now owns 48,297 shares of the insurance provider’s stock worth $6,657,000 after acquiring an additional 711 shares during the period. Finally, Focus Partners Wealth lifted its stake in The Hartford Insurance Group by 62.7% in the fourth quarter. Focus Partners Wealth now owns 39,580 shares of the insurance provider’s stock worth $5,449,000 after acquiring an additional 15,249 shares during the period. 93.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HIG. Bank of America upped their price objective on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. UBS Group lowered their price objective on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Barclays lowered their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday. Keefe, Bruyette & Woods lowered their price objective on shares of The Hartford Insurance Group from $149.00 to $142.00 and set a “market perform” rating for the company in a research note on Thursday, June 4th. Finally, Cantor Fitzgerald lowered their price objective on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.31.

Insider Activity at The Hartford Insurance Group

In other The Hartford Insurance Group news, President Adin M. Tooker sold 8,895 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the completion of the sale, the president directly owned 38,208 shares of the company’s stock, valued at approximately $5,163,047.04. This represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

The Hartford Insurance Group Stock Performance

HIG stock opened at $129.72 on Tuesday. The firm has a market cap of $35.56 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.35 and a beta of 0.47. The firm has a 50-day simple moving average of $134.21 and a two-hundred day simple moving average of $135.61. The Hartford Insurance Group, Inc. has a one year low of $119.61 and a one year high of $144.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing the consensus estimate of $3.39 by ($0.30). The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 earnings per share. On average, equities analysts forecast that The Hartford Insurance Group, Inc. will post 13.05 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio is presently 16.87%.

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.