Westover Capital Advisors LLC Has $2.32 Million Stock Holdings in The Hartford Insurance Group, Inc. $HIG

Westover Capital Advisors LLC increased its holdings in shares of The Hartford Insurance Group, Inc. (NYSE:HIG) by 56.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,822 shares of the insurance provider’s stock after purchasing an additional 6,084 shares during the period. Westover Capital Advisors LLC’s holdings in The Hartford Insurance Group were worth $2,318,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Signal Advisors Wealth LLC lifted its position in shares of The Hartford Insurance Group by 4.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,745 shares of the insurance provider’s stock worth $240,000 after purchasing an additional 75 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of The Hartford Insurance Group by 45.3% during the 4th quarter. Sound Income Strategies LLC now owns 279 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 87 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of The Hartford Insurance Group by 16.4% during the 3rd quarter. Larson Financial Group LLC now owns 619 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 87 shares during the last quarter. REAP Financial Group LLC lifted its position in shares of The Hartford Insurance Group by 12.7% during the 3rd quarter. REAP Financial Group LLC now owns 790 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 89 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs lifted its position in shares of The Hartford Insurance Group by 0.8% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 11,939 shares of the insurance provider’s stock worth $1,645,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Lori A. Rodden sold 40,693 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the sale, the executive vice president directly owned 25,392 shares of the company’s stock, valued at $3,505,365.60. This trade represents a 61.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HIG. Morgan Stanley boosted their price objective on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $149.00 price objective (down from $163.00) on shares of The Hartford Insurance Group in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of The Hartford Insurance Group in a report on Wednesday, May 13th. Citigroup upped their price target on The Hartford Insurance Group from $138.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Mizuho upped their price target on The Hartford Insurance Group from $158.00 to $159.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, The Hartford Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $149.31.

The Hartford Insurance Group Trading Up 0.1%

HIG stock opened at $136.15 on Monday. The business has a fifty day moving average price of $135.68 and a 200 day moving average price of $135.93. The Hartford Insurance Group, Inc. has a fifty-two week low of $119.61 and a fifty-two week high of $144.50. The stock has a market capitalization of $37.32 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 2.45 and a beta of 0.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick 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 earnings per share for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the business earned $2.20 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that The Hartford Insurance Group, Inc. will post 13.14 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 16.87%.

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.