iSAM Funds UK Ltd Purchases New Position in The Hartford Insurance Group, Inc. $HIG

iSAM Funds UK Ltd acquired a new stake in The Hartford Insurance Group, Inc. (NYSE:HIG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,400 shares of the insurance provider’s stock, valued at approximately $2,571,000. The Hartford Insurance Group comprises about 1.8% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Pacific Financial bought a new position in shares of The Hartford Insurance Group in the 1st quarter valued at $26,000. MidFirst Bank bought a new stake in The Hartford Insurance Group during the 2nd quarter worth $26,000. JPL Wealth Management LLC acquired a new position in The Hartford Insurance Group in the 3rd quarter worth about $26,000. Navigoe LLC bought a new position in The Hartford Insurance Group in the second quarter valued at about $27,000. Finally, Phillip James Consulting Co. bought a new position in The Hartford Insurance Group in the first quarter valued at about $29,000. Institutional investors own 93.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of The Hartford Insurance Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada raised their target price on 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. Keefe, Bruyette & Woods increased their target price on shares of The Hartford Insurance Group from $143.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “buy (b+)” rating on shares of The Hartford Insurance Group in a research note on Monday, August 24th. Finally, Piper Sandler reissued a “neutral” rating and issued a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a research report on Wednesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $149.67.

The Hartford Insurance Group Trading Up 0.1%

NYSE:HIG opened at $137.25 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $37.18 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45. The Hartford Insurance Group, Inc. has a 52 week low of $120.33 and a 52 week high of $146.07. The firm has a 50-day moving average price of $138.87 and a two-hundred day moving average price of $136.47.

The Hartford Insurance Group (NYSE:HIG) last announced its 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 firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.17 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.41 EPS. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st. The Hartford Insurance Group’s payout ratio is 15.51%.

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.