Sustainable Insight Capital Management LLC Sells 8,800 Shares of The Hartford Insurance Group, Inc. $HIG

Sustainable Insight Capital Management LLC trimmed its stake in shares of The Hartford Insurance Group, Inc. (NYSE:HIGFree Report) by 32.1% during the first quarter, Holdings Channel reports. The firm owned 18,610 shares of the insurance provider’s stock after selling 8,800 shares during the period. The Hartford Insurance Group comprises 0.8% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 28th biggest holding. Sustainable Insight Capital Management LLC’s holdings in The Hartford Insurance Group were worth $2,517,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in The Hartford Insurance Group by 740.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 92,522 shares of the insurance provider’s stock worth $12,512,000 after acquiring an additional 81,507 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of The Hartford Insurance Group by 13.7% in the 1st quarter. Renaissance Technologies LLC now owns 110,600 shares of the insurance provider’s stock valued at $14,956,000 after purchasing an additional 13,300 shares in the last quarter. Compound Planning Inc. boosted its stake in shares of The Hartford Insurance Group by 4.4% in the 1st quarter. Compound Planning Inc. now owns 7,053 shares of the insurance provider’s stock valued at $954,000 after purchasing an additional 299 shares in the last quarter. Keebeck Wealth Management bought a new stake in shares of The Hartford Insurance Group in the 1st quarter worth about $222,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of The Hartford Insurance Group by 8.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,693,512 shares of the insurance provider’s stock worth $229,014,000 after purchasing an additional 133,142 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors.

The Hartford Insurance Group Stock Down 1.2%

Shares of NYSE HIG opened at $140.50 on Friday. The Hartford Insurance Group, Inc. has a 12-month low of $120.33 and a 12-month high of $144.50. The firm’s 50-day simple moving average is $133.83 and its 200 day simple moving average is $135.51. 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 company has a market cap of $38.51 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 3.88 and a beta of 0.47.

The Hartford Insurance Group (NYSE:HIGGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.92%. The firm had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.17 billion. During the same quarter last year, the company posted $3.41 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that The Hartford Insurance Group, Inc. will post 12.69 earnings per share for the current fiscal year.

The Hartford Insurance Group Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 16.87%.

Insiders Place Their Bets

In related news, President Adin M. Tooker sold 8,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $135.13, for a total value of $1,201,981.35. Following the completion of the transaction, the president owned 38,208 shares in the company, valued at $5,163,047.04. The trade was a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler reissued a “neutral” rating and set a $146.00 price target (down from $148.00) on shares of The Hartford Insurance Group in a report on Wednesday, July 15th. UBS Group decreased their price objective on shares of The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Barclays dropped their price objective on shares of The Hartford Insurance Group from $156.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Wells Fargo & Company lifted their target price on shares of The Hartford Insurance Group from $154.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, Mizuho boosted their target price on The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, The Hartford Insurance Group has a consensus rating of “Hold” and a consensus price target of $148.75.

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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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