The Hartford Insurance Group (NYSE:HIG) CEO Sells $14,214,556.60 in Stock

Key Points

  • CEO Christopher Swift sold a total of 302,908 shares on Feb. 2 and Feb. 4 for about $41.76 million, cutting his stake by ~34.14% to 194,817 shares worth roughly $27.4 million.
  • The Hartford beat Q4 expectations with $4.06 EPS (vs. $3.22 est.) and $7.34B revenue, triggering several analyst price-target upgrades and a consensus rating of Moderate Buy with an average target near $148.13.

The Hartford Insurance Group, Inc. (NYSE:HIG - Get Free Report) CEO Christopher Swift sold 100,970 shares of The Hartford Insurance Group stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total value of $14,214,556.60. Following the transaction, the chief executive officer directly owned 194,817 shares in the company, valued at approximately $27,426,337.26. This trade represents a 34.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Christopher Swift also recently made the following trade(s):

  • On Monday, February 2nd, Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock opened at $142.64 on Friday. The stock has a market capitalization of $39.75 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.10 and a beta of 0.61. The firm's fifty day simple moving average is $135.10 and its 200-day simple moving average is $131.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.32. The Hartford Insurance Group, Inc. has a 12 month low of $107.49 and a 12 month high of $144.50.




The Hartford Insurance Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The company had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the business posted $2.94 earnings per share. The Hartford Insurance Group's quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 earnings per share for the current year.

Hedge Funds Weigh In On The Hartford Insurance Group

Several hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of The Hartford Insurance Group by 286,241.4% during the fourth 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. Vanguard Group Inc. lifted its holdings in shares of The Hartford Insurance Group by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 37,160,644 shares of the insurance provider's stock worth $4,714,571,000 after acquiring an additional 156,807 shares during the period. State Street Corp grew its holdings in The Hartford Insurance Group by 0.4% in the third quarter. State Street Corp now owns 16,031,840 shares of the insurance provider's stock valued at $2,146,749,000 after purchasing an additional 55,983 shares during the period. Geode Capital Management LLC increased its position in The Hartford Insurance Group by 0.8% during the second quarter. Geode Capital Management LLC now owns 7,467,018 shares of the insurance provider's stock worth $943,448,000 after purchasing an additional 57,539 shares during the last quarter. Finally, Invesco Ltd. raised its stake in The Hartford Insurance Group by 10.3% during the third quarter. Invesco Ltd. now owns 5,331,293 shares of the insurance provider's stock worth $711,141,000 after purchasing an additional 496,821 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on HIG. UBS Group boosted their price objective on shares of The Hartford Insurance Group from $151.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 8th. Roth Mkm raised their price objective on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Wells Fargo & Company boosted their target price on The Hartford Insurance Group from $153.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday, February 2nd. Mizuho started coverage on The Hartford Insurance Group in a research note on Tuesday, December 16th. They set an "outperform" rating and a $160.00 target price for the company. Finally, Cantor Fitzgerald upped their price objective on The Hartford Insurance Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $148.13.

View Our Latest Report on HIG

Key Stories Impacting The Hartford Insurance Group

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

The Hartford Insurance Group Company Profile

(Get 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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Insider Buying and Selling by Quarter for The Hartford Insurance Group (NYSE:HIG)

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