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

The Hartford Insurance Group, Inc. (NYSE:HIG) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be given 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 yield of 1.8%. The ex-dividend date is Monday, June 1st.

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 dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Hartford Insurance Group to earn $14.39 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 Stock Up 1.2%

NYSE:HIG opened at $136.61 on Thursday. The company has a market capitalization of $37.45 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 2.43 and a beta of 0.50. The Hartford Insurance Group has a one year low of $119.61 and a one year high of $144.50. The stock has a 50-day simple moving average of $135.68 and a 200 day simple moving average of $135.76. 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 Hartford Insurance Group (NYSE:HIG) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The firm had revenue of $14.45 billion during the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.20 earnings per share. Sell-side analysts predict that The Hartford Insurance Group will post 13.14 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.