The Hartford Insurance Group, Inc. (HIG) to Issue Quarterly Dividend of $0.60 on July 2nd

The Hartford Insurance Group, Inc. (NYSE:HIG) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be paid a dividend of 0.60 per share by the insurance provider on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st.

The Hartford Insurance Group has increased its dividend by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect The Hartford Insurance Group to earn $14.38 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 16.7%.

The Hartford Insurance Group Price Performance

Shares of NYSE:HIG opened at $127.29 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $135.47 and its two-hundred day simple moving average is $136.00. The Hartford Insurance Group has a 1-year low of $119.61 and a 1-year high of $144.50. The stock has a market cap of $34.89 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 2.31 and a beta of 0.50.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the business posted $2.20 earnings per share. The Hartford Insurance Group’s revenue was up 6.1% on a year-over-year basis. As a group, analysts forecast that The Hartford Insurance Group will post 13.17 EPS for the current fiscal year.

The Hartford Insurance Group Company Profile

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.