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

The Hartford Insurance Group, Inc. (NYSE:HIG) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.60 per share by the insurance provider on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 1st.

The Hartford Insurance Group has increased its dividend payment 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. Equities research analysts expect The Hartford Insurance Group to earn $13.73 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 17.5%.

The Hartford Insurance Group Stock Performance

Shares of The Hartford Insurance Group stock opened at $138.51 on Friday. The firm’s fifty day simple moving average is $138.49 and its 200-day simple moving average is $136.58. The stock has a market capitalization of $37.52 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 3.40 and a beta of 0.46. The Hartford Insurance Group has a 12 month low of $120.33 and a 12 month high of $146.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last released its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $3.42 EPS for the quarter, beating the consensus estimate of $3.16 by $0.26. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The firm had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter in the prior year, the firm earned $3.41 EPS. The Hartford Insurance Group’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that The Hartford Insurance Group will post 12.8 earnings per share for the current year.

About The Hartford Insurance Group

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.