36,361 Shares in The Hartford Insurance Group, Inc. $HIG Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,361 shares of the insurance provider’s stock, valued at approximately $4,854,000.

Other large investors also recently bought and sold shares of the company. L2 Asset Management LLC acquired a new position in The Hartford Insurance Group in the second quarter valued at approximately $207,000. Cetera Trust Company N.A acquired a new stake in shares of The Hartford Insurance Group during the 2nd quarter worth approximately $60,000. Cibc World Market Inc. acquired a new stake in shares of The Hartford Insurance Group during the 2nd quarter worth approximately $5,838,000. OMERS ADMINISTRATION Corp purchased a new position in shares of The Hartford Insurance Group during the 2nd quarter valued at approximately $2,004,000. Finally, Osmosis Investment Management UK Ltd purchased a new position in shares of The Hartford Insurance Group during the 2nd quarter valued at approximately $1,490,000. 93.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hartford Insurance Group

In other news, President Adin M. Tooker sold 8,895 shares of the business’s 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 owned 38,208 shares of the company’s stock, valued at $5,163,047.04. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by corporate insiders.

The Hartford Insurance Group Trading Up 2.2%

Shares of NYSE:HIG opened at $139.03 on Tuesday. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 year high of $146.07. The firm has a market capitalization of $37.66 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 3.34 and a beta of 0.46. 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 business’s 50 day moving average price is $137.75 and its 200-day moving average price is $136.64.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, topping the consensus estimate of $3.16 by $0.26. The company had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.41 EPS. On average, equities research analysts forecast that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be given a $0.60 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio (DPR) is 15.51%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HIG shares. Barclays lowered their price target on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their price objective on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Keefe, Bruyette & Woods upped their price objective on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Piper Sandler reissued a “neutral” rating and set a $146.00 target price (down from $148.00) on shares of The Hartford Insurance Group in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada increased their target price on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $149.67.

About The Hartford Insurance Group

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.