9,633 Shares in The Hartford Insurance Group, Inc. $HIG Bought by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) in the fourth quarter, HoldingsChannel reports. The fund purchased 9,633 shares of the insurance provider’s stock, valued at approximately $1,327,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Signal Advisors Wealth LLC increased its stake in shares of The Hartford Insurance Group by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock worth $240,000 after buying an additional 75 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of The Hartford Insurance Group by 45.3% in the fourth quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after buying an additional 87 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of The Hartford Insurance Group by 16.4% in the third quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider’s stock worth $83,000 after buying an additional 87 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of The Hartford Insurance Group by 12.7% in the third quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider’s stock worth $105,000 after buying an additional 89 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs increased its stake in shares of The Hartford Insurance Group by 0.8% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 11,939 shares of the insurance provider’s stock worth $1,645,000 after buying an additional 89 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Stock Performance

HIG stock opened at $134.90 on Wednesday. The company has a market capitalization of $36.98 billion, a P/E ratio of 9.48, a PEG ratio of 2.45 and a beta of 0.50. The company has a 50-day simple moving average of $135.70 and a 200 day simple moving average of $135.67. The Hartford Insurance Group, Inc. has a fifty-two week low of $119.61 and a fifty-two week high of $144.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.

The Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing the consensus estimate of $3.39 by ($0.30). The company had revenue of $14.45 billion during the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 EPS. Sell-side analysts predict that The Hartford Insurance Group, Inc. will post 13.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Lori A. Rodden sold 40,693 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at $3,505,365.60. This represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $149.00 price target (down from $163.00) on shares of The Hartford Insurance Group in a research note on Monday, March 30th. Cantor Fitzgerald lowered their target price 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. Wells Fargo & Company boosted their target price on shares of The Hartford Insurance Group from $156.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Morgan Stanley boosted their target price on shares of The Hartford Insurance Group from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Mizuho boosted their target price on shares of The Hartford Insurance Group from $158.00 to $159.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

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.