The Hartford Insurance Group, Inc. (NYSE:HIG - Get Free Report) CFO Beth Costello sold 31,597 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $135.75, for a total value of $4,289,292.75. Following the transaction, the chief financial officer directly owned 82,988 shares in the company, valued at $11,265,621. The trade was a 27.58% 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 transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
The Hartford Insurance Group Trading Up 2.3%
Shares of HIG stock opened at $138.07 on Thursday. The company has a market capitalization of $36.92 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.90 and a beta of 0.48. The Hartford Insurance Group, Inc. has a 52-week low of $120.42 and a 52-week high of $146.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 0.28. The company has a 50-day simple moving average of $132.87 and a two-hundred day simple moving average of $135.43.
The Hartford Insurance Group (NYSE:HIG - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The insurance provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.33. The business had revenue of $7.22 billion during the quarter, compared to analyst estimates of $7.37 billion. The Hartford Insurance Group had a return on equity of 20.93% and a net margin of 15.85%. The Hartford Insurance Group's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.78 earnings per share. Research analysts anticipate that The Hartford Insurance Group, Inc. will post 13.31 EPS for the current fiscal year.
The Hartford Insurance Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 1st will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.9%. This is a boost from The Hartford Insurance Group's previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, December 1st. The Hartford Insurance Group's dividend payout ratio (DPR) is presently 14.53%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Truist Financial assumed coverage on The Hartford Insurance Group in a research note on Monday, October 12th. They issued a "hold" rating and a $137.00 target price on the stock. Morgan Stanley decreased their target price on The Hartford Insurance Group from $145.00 to $135.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of The Hartford Insurance Group from $149.00 to $152.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. Royal Bank Of Canada increased their price target on shares of The Hartford Insurance Group from $145.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Finally, Piper Sandler downgraded The Hartford Insurance Group from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $148.00 to $146.00 in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, The Hartford Insurance Group currently has an average rating of "Hold" and a consensus price target of $144.69.
Check Out Our Latest Stock Analysis on The Hartford Insurance Group
Institutional Trading of The Hartford Insurance Group
Several institutional investors and hedge funds have recently modified their holdings of HIG. MidFirst Bank acquired a new position in shares of The Hartford Insurance Group during the second quarter valued at about $26,000. Navigoe LLC purchased a new stake in shares of The Hartford Insurance Group during the second quarter valued at $27,000. Phillip James Consulting Co. acquired a new position in shares of The Hartford Insurance Group in the 1st quarter valued at $29,000. Polaris Financial Partners acquired a new position in shares of The Hartford Insurance Group in the 3rd quarter valued at $27,000. Finally, Clearstead Trust LLC acquired a new stake in The Hartford Insurance Group during the 2nd quarter worth about $29,000. Institutional investors own 93.42% of the company's stock.
The Hartford Insurance Group Company Profile
(
Get Free Report)
The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.
The Hartford's commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers' compensation, property, general liability, and specialty insurance.
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