The Hartford Insurance Group, Inc. (NYSE:HIG) Declares Dividend Increase – $0.67 Per Share

The Hartford Insurance Group, Inc. (NYSE:HIG) declared a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, December 1st will be given a dividend of $0.67 per share by the insurance provider on Tuesday, January 5th. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a 11.7% increase from The Hartford Insurance Group’s previous quarterly dividend of $0.60.

The Hartford Insurance Group has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. The Hartford Insurance Group has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect The Hartford Insurance Group to earn $13.77 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 17.4%.

The Hartford Insurance Group Price Performance

NYSE:HIG opened at $135.98 on Tuesday. The Hartford Insurance Group has a 52 week low of $120.33 and a 52 week high of $146.07. The firm has a market cap of $36.83 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 2.23 and a beta of 0.49. The firm’s 50-day simple moving average is $133.45 and its 200 day simple moving average is $135.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings data on Monday, October 26th. The insurance provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.33. The Hartford Insurance Group had a net margin of 15.00% and a return on equity of 21.66%. The business had revenue of $7.22 billion during the quarter, compared to analysts’ expectations of $7.37 billion. During the same quarter in the previous year, the company earned $3.78 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that The Hartford Insurance Group will post 12.88 earnings per share for the current year.

About The Hartford Insurance Group

The Hartford Insurance Group, Inc, commonly known as The Hartford, is a financial services and insurance company headquartered in Hartford, Connecticut. Founded in 1810, the company provides property and casualty insurance, employee benefits, and related services to businesses, individuals, and organizations primarily in the United States.

The Hartford’s commercial insurance operations offer coverage for businesses of various sizes, including commercial auto, workers’ compensation, property, general liability, and specialty insurance.