MONECO Advisors LLC purchased a brand new place in shares of The Hartford Monetary Companies Group, Inc. (NYSE:HIG – Free Report) through the third quarter, HoldingsChannel stories. The fund purchased 2,905 shares of the insurance coverage supplier’s inventory, valued at roughly $342,000.
A number of different institutional buyers and hedge funds have additionally made modifications to their positions within the inventory. Dimensional Fund Advisors LP boosted its holdings in shares of The Hartford Monetary Companies Group by 1.2% through the 2nd quarter. Dimensional Fund Advisors LP now owns 5,809,358 shares of the insurance coverage supplier’s inventory value $584,177,000 after buying an extra 69,007 shares over the last quarter. Nordea Funding Administration AB lifted its holdings in The Hartford Monetary Companies Group by 7.9% within the first quarter. Nordea Funding Administration AB now owns 3,191,914 shares of the insurance coverage supplier’s inventory valued at $328,320,000 after buying an extra 233,742 shares over the last quarter. AQR Capital Administration LLC lifted its holdings in The Hartford Monetary Companies Group by 4.9% within the second quarter. AQR Capital Administration LLC now owns 1,497,960 shares of the insurance coverage supplier’s inventory valued at $150,605,000 after buying an extra 70,018 shares over the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in The Hartford Monetary Companies Group by 2.4% within the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,367,400 shares of the insurance coverage supplier’s inventory valued at $137,478,000 after buying an extra 31,806 shares over the last quarter. Lastly, Bahl & Gaynor Inc. lifted its holdings in The Hartford Monetary Companies Group by 3.4% within the second quarter. Bahl & Gaynor Inc. now owns 1,229,133 shares of the insurance coverage supplier’s inventory valued at $123,577,000 after buying an extra 40,400 shares over the last quarter. 93.42% of the inventory is presently owned by institutional buyers and hedge funds.
The Hartford Monetary Companies Group Inventory Efficiency
NYSE:HIG opened at $112.72 on Thursday. The agency has a market capitalization of $32.68 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. The enterprise’s fifty day transferring common worth is $116.41 and its 200 day transferring common worth is $107.24. The corporate has a debt-to-equity ratio of 0.28, a present ratio of 0.32 and a fast ratio of 0.32. The Hartford Monetary Companies Group, Inc. has a 12 month low of $72.46 and a 12 month excessive of $123.23.
The Hartford Monetary Companies Group declared that its board has initiated a inventory repurchase plan on Thursday, July twenty fifth that authorizes the corporate to repurchase $3.30 billion in shares. This repurchase authorization authorizes the insurance coverage supplier to reacquire as much as 10.9% of its inventory via open market purchases. Inventory repurchase plans are normally an indication that the corporate’s board of administrators believes its inventory is undervalued.
The Hartford Monetary Companies Group Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which can be paid on Friday, January third. Shareholders of file on Monday, December 2nd can be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, December 2nd. This is a rise from The Hartford Monetary Companies Group’s earlier quarterly dividend of $0.47. The Hartford Monetary Companies Group’s dividend payout ratio is presently 20.84%.
Wall Avenue Analysts Forecast Progress
Various analysis analysts lately commented on HIG shares. Argus upgraded The Hartford Monetary Companies Group to a “strong-buy” score in a report on Friday, August 2nd. Piper Sandler boosted their goal worth on The Hartford Monetary Companies Group from $112.00 to $125.00 and gave the corporate an “chubby” score in a analysis report on Monday, July twenty ninth. Wells Fargo & Firm boosted their goal worth on The Hartford Monetary Companies Group from $122.00 to $134.00 and gave the corporate an “chubby” score in a analysis report on Tuesday, September seventeenth. Royal Financial institution of Canada boosted their goal worth on The Hartford Monetary Companies Group from $105.00 to $115.00 and gave the corporate a “sector carry out” score in a analysis report on Monday, July twenty ninth. Lastly, UBS Group boosted their goal worth on The Hartford Monetary Companies Group from $134.00 to $135.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, October fifteenth. Ten analysts have rated the inventory with a maintain score, seven have given a purchase score and one has issued a powerful purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate presently has a consensus score of “Average Purchase” and a median worth goal of $120.88.
Test Out Our Newest Evaluation on The Hartford Monetary Companies Group
About The Hartford Monetary Companies Group
The Hartford Monetary Companies Group, Inc, along with its subsidiaries, offers insurance coverage and monetary providers to particular person and enterprise prospects in the USA, the UK, and internationally. Its Industrial Strains phase provides insurance coverage coverages, together with staff’ compensation, property, vehicle, normal {and professional} legal responsibility, bundle enterprise, umbrella, constancy and surety, marine, livestock, accident, well being, and reinsurance via regional workplaces, branches, gross sales and policyholder service facilities, unbiased retail brokers and brokers, wholesale brokers, and reinsurance brokers.
Additional Studying
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