The Hartford Financial Services Group, Inc. (HIG) To Go Ex-Dividend on March 3rd

The Hartford Financial Services Group, Inc. (NYSE:HIG) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.52 per share by the insurance provider on Wednesday, April 2nd. This represents a $2.08 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Monday, March 3rd.

The Hartford Financial Services Group has raised its dividend by an average of 10.4% per year over the last three years and has increased its dividend every year for the last 12 years. The Hartford Financial Services Group has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Hartford Financial Services Group to earn $12.67 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 16.4%.

The Hartford Financial Services Group Stock Performance

Shares of HIG opened at $112.39 on Friday. The Hartford Financial Services Group has a one year low of $93.41 and a one year high of $124.90. The company has a 50-day moving average of $110.96 and a two-hundred day moving average of $114.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.13 and a beta of 0.97.

The Hartford Financial Services Group (NYSE:HIG) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. On average, equities research analysts expect that The Hartford Financial Services Group will post 11.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler raised their price objective on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of The Hartford Financial Services Group from $122.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. Finally, BMO Capital Markets upped their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.94.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.