The Hartford Insurance Group (NYSE: HIG) is a leading U.S. property and casualty insurer with operations across commercial lines, personal insurance, and group benefits. Shares recently traded around $138 per share, giving the company a market value of roughly $38.7B.
Hartford’s stock has performed well over the past year, supported by steady underwriting results and disciplined capital management. Reviewing who owns the stock and how insiders have been trading helps show how large investors appear to be approaching Hartford at current levels.
Who Are Hartford’s Top Shareholders?
Hartford’s shareholder base is led by large institutional investors that typically hold positions through market cycles. Recent filings show a mix of modest trimming and selective accumulation, suggesting positioning has become more measured after the stock’s recent strength.
- The Vanguard Group: 36,717,411 shares (13.17%), $5.10B value. Reduced holdings by 307,427 shares (-0.83%).
- BlackRock Institutional Trust Company: 19,135,681 shares (6.86%), $2.66B value. Reduced holdings by 132,934 shares (-0.69%).
- State Street Investment Management: 16,031,840 shares (5.75%), $2.23B value. Added 55,983 shares (+0.35%).
- Fidelity Management & Research: 10,700,785 shares (3.84%), $1.49B value. Added 505,805 shares (+4.96%).
- T. Rowe Price Associates: 8,139,387 shares (2.92%), $1.13B value. Reduced holdings by 1,109,351 shares (-11.99%).
- Geode Capital Management: 7,914,674 shares (2.84%), $1.10B value. Added 447,656 shares (+6.00%).
- Dimensional Fund Advisors: 4,640,867 shares (1.66%), $644M value. Reduced holdings by 74,696 shares (-1.58%).
- Nordea Funds Oy: 4,307,617 shares (1.54%), $598M value. Added 215,941 shares (+5.28%).
- Norges Bank Investment Management: 3,990,925 shares (1.43%), $554M value. Added 185,254 shares (+4.87%).
- BlackRock Asset Management Ireland: 3,363,569 shares (1.21%), $467M value. Reduced holdings by 14,808 shares (-0.44%).
The mix of trimming and incremental adds suggests Hartford remains well supported institutionally, though some managers appear more valuation conscious after the stock’s recent gains, which is worth noting for investors.
Hedge Fund Highlights
One notable move last quarter came from Balyasny Asset Management, founded by Dmitry Balyasny, which sharply increased its Hartford position. The firm boosted its stake by over 6,400%, now holding roughly $86M value in shares. This suggests Hartford may have moved from a smaller tracking position to a higher-conviction idea within the firm’s multi-strategy portfolio.
Citadel Advisors, led by Ken Griffin, also increased its exposure, expanding its position by about 227% to approximately $33M value. This move may reflect growing comfort with Hartford’s earnings profile and balance sheet strength at current price levels.
Schonfeld Strategic Advisors, founded by Steven Schonfeld, raised its holdings by roughly 205%, bringing the position to around $4M value. While still modest in size, the scale of the increase suggests rising interest rather than a minor adjustment.
Meanwhile, Squarepoint Ops, co-founded by Emmanuel Roman, lifted its Hartford stake by about 33% to roughly $12M value. This appears consistent with systematic strategies leaning more positively on Hartford’s recent performance trends, which investors may want to keep in mind.
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Hartford’s Recent Insider Trades
Insider filings over recent months show mostly small transactions that lean toward selling, with limited outright buying.
- Donald Christian Hunt (Officer): Sold ~$16K worth of shares at ~$130; earlier sales totaled ~$284K at ~$134.
- Adin M. Tooker (Officer): Sold ~$929K worth of shares at ~$138; also received shares valued around ~$49, which it appears may be compensation related.
- Christopher J. Swift (Officer and Director): Sold ~$2.25M worth of shares at ~$138, representing roughly 0.01% of shares outstanding.
- Lori A. Rodden (Officer): Sold ~$956K worth of shares at ~$122; also received shares valued near ~$52.
- Beth Ann Costello (Officer): Sold ~$4.38M worth of shares at ~$124; also recorded share receipts around ~$49.
These transactions do not materially change ownership levels, and it appears many of the trades reflect personal exposure management following strong stock performance, which provides useful context for investors.
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What the Ownership & Insider Trade Data Tell Us
Hartford’s ownership remains anchored by large passive institutions, providing a stable base of long-term capital. Hedge fund positioning shows several managers increasing exposure, while insider activity appears cautious but measured.
Taken together, it appears Hartford continues to be viewed as a high-quality insurer, though expectations may now be more balanced after the stock’s recent run, which is an important consideration for investors.
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