The Hartford Insurance Group, Inc. (NYSE:HIG – Get Free Report) announced a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, December 1st will be given a dividend of $0.67 per share by the insurance provider on Tuesday, January 5th. This represents a $2.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, December 1st. This is a 11.7% increase from The Hartford Insurance Group’s previous quarterly dividend of $0.60.
The Hartford Insurance Group has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 12 years. The Hartford Insurance Group has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Hartford Insurance Group to earn $13.77 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 17.4%.
The Hartford Insurance Group Price Performance
Shares of NYSE HIG opened at $135.98 on Tuesday. The firm has a market cap of $36.83 billion, a PE ratio of 8.79, a PEG ratio of 2.23 and a beta of 0.49. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group has a 1-year low of $120.33 and a 1-year high of $146.07. The company has a fifty day moving average price of $133.45 and a 200 day moving average price of $135.44.
The Hartford Insurance Group (NYSE:HIG – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The insurance provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.33. The firm had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.37 billion. The Hartford Insurance Group had a return on equity of 21.66% and a net margin of 15.00%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $3.78 EPS. Research analysts predict that The Hartford Insurance Group will post 12.88 earnings per share for the current fiscal year.
The Hartford Insurance Group Company Profile
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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