Hartford Financial Services Group, Inc. (The) (NYSE:HIG) announced a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Investors of record on Friday, December 1st will be paid a dividend of 0.25 per share by the insurance provider on Tuesday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Hartford Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.23.

Hartford Financial Services Group, Inc. (The) has increased its dividend by an average of 23.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Hartford Financial Services Group, Inc. (The) has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hartford Financial Services Group, Inc. (The) to earn $4.63 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 19.9%.

Shares of Hartford Financial Services Group, Inc. (HIG) traded up 1.52% during midday trading on Tuesday, reaching $54.88. 3,538,102 shares of the company traded hands. The company has a market capitalization of $19.99 billion, a PE ratio of 30.12 and a beta of 0.91. Hartford Financial Services Group, Inc. has a 1-year low of $42.30 and a 1-year high of $57.16. The company has a 50 day moving average price of $54.79 and a 200 day moving average price of $52.52.

Hartford Financial Services Group, Inc. (The) (NYSE:HIG) last issued its quarterly earnings results on Monday, October 23rd. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. Hartford Financial Services Group, Inc. (The) had a net margin of 3.73% and a return on equity of 9.13%. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the business posted $1.06 EPS. Hartford Financial Services Group, Inc. (The)’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts expect that Hartford Financial Services Group, Inc. will post $3.78 earnings per share for the current year.

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HIG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $60.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Thursday, August 31st. Buckingham Research initiated coverage on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday, September 11th. They set a “buy” rating and a $63.00 price target on the stock. Zacks Investment Research upgraded shares of Hartford Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Friday, September 22nd. Royal Bank Of Canada restated a “buy” rating and set a $54.00 price target on shares of Hartford Financial Services Group, Inc. (The) in a research note on Wednesday, July 12th. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $55.00 price objective on shares of Hartford Financial Services Group, Inc. (The) in a research note on Monday. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Hartford Financial Services Group, Inc. (The) currently has a consensus rating of “Buy” and an average price target of $57.25.

Hartford Financial Services Group, Inc. (The) Company Profile

Dividend History for Hartford Financial Services Group, Inc. (The) (NYSE:HIG)

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