Principal Financial Group Inc. maintains a $34.91 million stock position in
HIG. While considered a stable insurance stock, fewer investors than anticipated have jumped on HIG, despite a year-to-date increase of 19%. Contributing factors could include consistent earnings growth and positive Q1 2024 earnings, pushing HIG to a new 1-year high at $115.11. The company is seen to have a high growth trajectory by some brokerages, giving it a consensus recommendation of
Moderate Buy. Several notable investment entities have adjusted their holdings, with some, such as
BNP PARIBAS ASSET MANAGEMENT and
PGGM Investments, increasing their stakes. Despite a recent rating downgrade suggesting the easy money has been made, Cramer's Lightning Round believes HIG can go even higher. Significant company moves include several executive sells, along with newly announced leadership successions accompanied by the announcement of new organizational structures combining operations and technology. The company is also planning a $100M data center in Boulder and named Kathleen Winters to its board of directors. Dividends of $0.47 per common stock share and $375 per Series G preferred stock share were declared. Finally, HIG has announced an upcoming retirement from the retirement plan business in a $400M sale and received some mixed evaluations from various analysts.
The Hartford Financial Services Group HIG News Analytics from Mon, 03 Oct 2011 07:00:00 GMT to Sun, 01 Sep 2024 12:23:27 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -4
