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

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 increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. The Hartford Insurance Group has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:HIG opened at $136.61 on Thursday. The Hartford Insurance Group has a 52 week low of $119.61 and a 52 week high of $144.50. The firm has a market cap of $37.45 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 2.43 and a beta of 0.50. The firm’s 50-day simple moving average is $135.68 and its 200 day simple moving average is $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 released 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 Hartford Insurance Group had a return on equity of 22.52% and a net margin of 14.10%.The business had revenue of $14.45 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the business posted $2.20 earnings per share. The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Hartford Insurance Group will post 13.14 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.