The Hartford Financial Services Group, Inc. Plans Quarterly Dividend of $0.52 (NYSE:HIG)

The Hartford Financial Services Group, Inc. (NYSE:HIG - Get Free Report) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.52 per share by the insurance provider on Wednesday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, March 3rd.

The Hartford Financial Services Group has increased its dividend by an average of 10.4% annually over the last three years and has increased its dividend every year for the last 12 years. The Hartford Financial Services Group has a dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Hartford Financial Services Group to earn $12.67 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 16.4%.

The Hartford Financial Services Group Stock Down 0.9 %

Shares of HIG stock traded down $1.00 on Friday, hitting $111.37. 2,403,711 shares of the stock were exchanged, compared to its average volume of 1,627,411. The firm has a market capitalization of $32.28 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.97. The business has a 50-day moving average of $110.95 and a 200 day moving average of $114.22. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The Hartford Financial Services Group has a fifty-two week low of $93.78 and a fifty-two week high of $124.90.

The Hartford Financial Services Group (NYSE:HIG - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The insurance provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.26. The Hartford Financial Services Group had a net margin of 11.72% and a return on equity of 19.55%. Equities analysts anticipate that The Hartford Financial Services Group will post 11.11 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on HIG. Piper Sandler boosted their price target on The Hartford Financial Services Group from $127.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on shares of The Hartford Financial Services Group from $139.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, February 3rd. StockNews.com raised The Hartford Financial Services Group from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Finally, BMO Capital Markets upped their price target on shares of The Hartford Financial Services Group from $100.00 to $141.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.94.

About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc, together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.