The Hartford Insurance Group, Inc. (HIG) To Go Ex-Dividend on March 2nd

The Hartford Insurance Group, Inc. (NYSE:HIG) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.60 per share by the insurance provider on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd.

The Hartford Insurance Group has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. The Hartford Insurance Group has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Hartford Insurance Group to earn $12.67 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 18.9%.

The Hartford Insurance Group Stock Down 0.3%

Shares of HIG traded down $0.38 during midday trading on Friday, reaching $140.69. 3,944,622 shares of the company were exchanged, compared to its average volume of 1,594,916. The Hartford Insurance Group has a 1-year low of $107.49 and a 1-year high of $144.50. The stock has a 50-day moving average price of $137.11 and a 200-day moving average price of $133.42. The company has a current ratio of 0.31, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $38.81 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.37 and a beta of 0.61.

The Hartford Insurance Group (NYSE:HIG) last announced its earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.22 by $0.84. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.29 billion. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $2.94 EPS. Research analysts expect that The Hartford Insurance Group will post 11.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on HIG. Roth Mkm upped their price objective on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Cantor Fitzgerald increased their price target on The Hartford Insurance Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings upgraded The Hartford Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, February 13th. Piper Sandler increased their target price on The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, Evercore raised their price target on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

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.