The Hartford Insurance Group, Inc. (HIG) To Go Ex-Dividend on June 1st

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) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend 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 increased 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 Price Performance

HIG stock opened at $136.02 on Friday. The firm has a market cap of $37.29 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 2.46 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The Hartford Insurance Group has a 12-month low of $119.61 and a 12-month high of $144.50. The company’s fifty day simple moving average is $135.66 and its 200 day simple moving average is $135.84.

The Hartford Insurance Group (NYSE:HIG) last released its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.39 by ($0.30). The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.52%. The Hartford Insurance Group’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 EPS. On average, analysts expect 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.