WCG Wealth Advisors LLC Invests $2.02 Million in The Hartford Insurance Group, Inc. $HIG

WCG Wealth Advisors LLC bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,642 shares of the insurance provider’s stock, valued at approximately $2,018,000.

Several other institutional investors have also recently made changes to their positions in the company. Canada Post Corp Registered Pension Plan raised its position in The Hartford Insurance Group by 252.7% in the third quarter. Canada Post Corp Registered Pension Plan now owns 24,540 shares of the insurance provider’s stock worth $3,245,000 after purchasing an additional 17,582 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in The Hartford Insurance Group by 109.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,174 shares of the insurance provider’s stock valued at $3,358,000 after buying an additional 13,138 shares during the period. Raiffeisen Bank International AG lifted its holdings in The Hartford Insurance Group by 102.0% in the third quarter. Raiffeisen Bank International AG now owns 20,709 shares of the insurance provider’s stock valued at $2,739,000 after buying an additional 10,455 shares during the period. Caprock Group LLC acquired a new position in The Hartford Insurance Group in the third quarter valued at approximately $5,682,000. Finally, CSM Advisors LLC raised its holdings in The Hartford Insurance Group by 20.6% in the third quarter. CSM Advisors LLC now owns 336,336 shares of the insurance provider’s stock worth $44,866,000 after purchasing an additional 57,468 shares during the period. Institutional investors own 93.42% of the company’s stock.

The Hartford Insurance Group Trading Up 3.9%

Shares of NYSE:HIG opened at $132.25 on Friday. The firm has a market cap of $36.25 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.29 and a beta of 0.47. The Hartford Insurance Group, Inc. has a 12 month low of $119.61 and a 12 month high of $144.50. The company’s fifty day simple moving average is $134.89 and its 200 day simple moving average is $135.84. 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 announced its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $2.20 EPS. As a group, research analysts forecast that The Hartford Insurance Group, Inc. will post 13.17 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 1st will be paid a $0.60 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.40 annualized dividend and a yield of 1.8%. The Hartford Insurance Group’s payout ratio is 16.87%.

Insider Activity at The Hartford Insurance Group

In related news, EVP Lori A. Rodden sold 40,693 shares of The Hartford Insurance Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the sale, the executive vice president directly owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. The trade was a 61.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Adin M. Tooker sold 8,895 shares of The Hartford Insurance Group stock in a transaction that occurred on 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 sale, the president directly owned 38,208 shares in the company, valued at $5,163,047.04. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HIG. Wells Fargo & Company cut their target price on shares of The Hartford Insurance Group from $165.00 to $154.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America increased their target price on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Mizuho cut their target price on shares of The Hartford Insurance Group from $159.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group cut their target price on shares of 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. Finally, Weiss Ratings lowered shares of The Hartford Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.19.

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.