The Hartford Insurance Group, Inc. $HIG Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 8.0% in the first quarter, HoldingsChannel reports. The firm owned 87,384 shares of the insurance provider’s stock after selling 7,642 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in The Hartford Insurance Group were worth $11,817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HIG. Northwestern Mutual Wealth Management Co. boosted its stake in shares of The Hartford Insurance Group by 286,241.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,861,771 shares of the insurance provider’s stock worth $10,178,152,000 after purchasing an additional 73,835,976 shares during the last quarter. Norges Bank purchased a new stake in shares of The Hartford Insurance Group during the fourth quarter worth about $611,724,000. Allianz Asset Management GmbH raised its position in shares of The Hartford Insurance Group by 131.1% in the fourth quarter. Allianz Asset Management GmbH now owns 1,632,082 shares of the insurance provider’s stock valued at $224,901,000 after buying an additional 925,789 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of The Hartford Insurance Group by 6,431.8% in the third quarter. Balyasny Asset Management L.P. now owns 643,443 shares of the insurance provider’s stock valued at $85,829,000 after buying an additional 633,592 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its stake in shares of The Hartford Insurance Group by 208.2% during the third quarter. Zurich Insurance Group Ltd FI now owns 799,973 shares of the insurance provider’s stock valued at $106,708,000 after buying an additional 540,445 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Key The Hartford Insurance Group News

Here are the key news stories impacting The Hartford Insurance Group this week:

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HIG shares. Barclays decreased their target price on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their price target on The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. UBS Group decreased their price objective on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Mizuho lifted their price objective on The Hartford Insurance Group from $154.00 to $163.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Cantor Fitzgerald upped their target price on The Hartford Insurance Group from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, The Hartford Insurance Group currently has a consensus rating of “Hold” and a consensus price target of $148.75.

View Our Latest Stock Report on The Hartford Insurance Group

The Hartford Insurance Group Price Performance

The Hartford Insurance Group stock opened at $140.50 on Friday. The Hartford Insurance Group, Inc. has a 1 year low of $120.33 and a 1 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 firm has a 50 day moving average price of $133.83 and a 200 day moving average price of $135.51. The company has a market cap of $38.51 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 3.88 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The company had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.92%. The Hartford Insurance Group’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.41 earnings per share. Sell-side analysts predict that The Hartford Insurance Group, Inc. will post 12.69 earnings per share for the current year.

The Hartford Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s dividend payout ratio (DPR) is 16.87%.

Insider Buying and Selling at The Hartford Insurance Group

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

About The Hartford Insurance Group

(Free Report)

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.

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Institutional Ownership by Quarter for The Hartford Insurance Group (NYSE:HIG)

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