Key Points
- EVP Lori Rodden sold 5,681 shares on Feb. 11 at an average price of $141.83 for total proceeds of $805,736.23, cutting her stake to 18,400 shares (a 23.59% decrease) as disclosed in an SEC filing.
- The Hartford beat Q4 expectations, reporting $4.06 EPS versus $3.22 est. and $7.34B in revenue; the stock trades near its 52-week high, has a market cap of $39.34B, and carries a consensus analyst rating of "Moderate Buy" with a $148.13 target.
The Hartford Insurance Group, Inc. (NYSE:HIG - Get Free Report) EVP Lori Rodden sold 5,681 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $141.83, for a total transaction of $805,736.23. Following the completion of the sale, the executive vice president owned 18,400 shares in the company, valued at $2,609,672. This represents a 23.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
The Hartford Insurance Group Stock Down 0.5%
Shares of NYSE HIG opened at $141.18 on Friday. The Hartford Insurance Group, Inc. has a 52-week low of $107.49 and a 52-week high of $144.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31. The stock has a market cap of $39.34 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.09 and a beta of 0.61. The firm has a 50 day moving average price of $135.93 and a 200 day moving average price of $132.38.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.84. The company had revenue of $7.34 billion for the quarter, compared to analysts' expectations of $7.29 billion. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $2.94 earnings per share. Analysts expect that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on HIG. Wall Street Zen downgraded shares of The Hartford Insurance Group from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. Argus boosted their target price on The Hartford Insurance Group from $143.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, November 25th. Weiss Ratings cut shares of The Hartford Insurance Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of The Hartford Insurance Group from $160.00 to $163.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Finally, Wells Fargo & Company increased their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, February 2nd. One investment 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's stock. According to MarketBeat.com, The Hartford Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $148.13.
Read Our Latest Report on The Hartford Insurance Group
Institutional Trading of The Hartford Insurance Group
A number of hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its holdings in The Hartford Insurance Group by 0.4% during the 4th quarter. Kestra Advisory Services LLC now owns 17,646 shares of the insurance provider's stock valued at $2,432,000 after purchasing an additional 79 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of The Hartford Insurance Group by 9.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,183 shares of the insurance provider's stock worth $301,000 after buying an additional 180 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of The Hartford Insurance Group by 15.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,173 shares of the insurance provider's stock worth $162,000 after buying an additional 154 shares during the period. Volterra Technologies LP bought a new stake in shares of The Hartford Insurance Group during the fourth quarter worth approximately $907,000. Finally, Johnson Investment Counsel Inc. lifted its holdings in The Hartford Insurance Group by 1.8% during the 4th quarter. Johnson Investment Counsel Inc. now owns 9,104 shares of the insurance provider's stock worth $1,255,000 after purchasing an additional 162 shares during the last quarter. 93.42% of the stock is owned by institutional investors and hedge funds.
About The Hartford Insurance Group
(
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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