CFO4Life Group LLC Acquires New Position in The Hartford Insurance Group, Inc. $HIG

by · The Markets Daily

CFO4Life Group LLC acquired a new position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,914 shares of the insurance provider’s stock, valued at approximately $784,000.

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

Analyst Ratings Changes

A number of research firms recently issued reports on HIG. UBS Group reduced their price objective on The Hartford Insurance Group from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Mizuho increased their target price on The Hartford Insurance Group from $154.00 to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Zacks Research cut The Hartford Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Cantor Fitzgerald upped their price target on shares of The Hartford Insurance Group from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $149.67.

View Our Latest Stock Analysis on HIG

The Hartford Insurance Group Stock Performance

HIG opened at $136.30 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $137.56 and its 200-day moving average is $136.64. The stock has a market cap of $36.92 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.46. The Hartford Insurance Group, Inc. has a twelve month low of $120.33 and a twelve month high of $146.07.

The Hartford Insurance Group (NYSE:HIG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.26. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%.The business had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.17 billion. During the same period in the prior year, the company posted $3.41 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts predict that The Hartford Insurance Group, Inc. will post 12.8 earnings per share for the current year.

The Hartford Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The Hartford Insurance Group’s dividend payout ratio is presently 15.51%.

Insider Activity

In other news, President Adin M. Tooker sold 8,895 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $135.13, for a total transaction of $1,201,981.35. Following the transaction, the president directly owned 38,208 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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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