The Hartford Insurance Group, Inc. Announces Quarterly Dividend of $0.60 (NYSE:HIG)

The Hartford Insurance Group, Inc. (NYSE:HIG – Get Free Report) announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.60 per share by the insurance provider on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 1st.

The Hartford Insurance Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. The Hartford Insurance Group has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect The Hartford Insurance Group to earn $13.92 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 17.2%.

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The Hartford Insurance Group Price Performance

NYSE HIG opened at $134.48 on Thursday. The company has a market cap of $36.86 billion, a PE ratio of 9.45, a P/E/G ratio of 3.16 and a beta of 0.47. The Hartford Insurance Group has a 52-week low of $119.61 and a 52-week high of $144.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50 day moving average price is $132.79 and its 200-day moving average price is $135.38.

The Hartford Insurance Group (NYSE:HIG – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the business posted $2.20 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts forecast that The Hartford Insurance Group will post 12.81 EPS for the current fiscal year.

The Hartford Insurance Group Company Profile

(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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