The Hartford Financial Services Group, Inc. to Issue Quarterly Dividend of $0.35 (NYSE:HIG)

The Hartford Financial Services Group, Inc. (NYSE:HIG) declared a quarterly dividend on Wednesday, July 21st, RTT News reports. Stockholders of record on Wednesday, September 1st will be given a dividend of 0.35 per share by the insurance provider on Monday, October 4th. This represents a $1.40 annualized dividend and a dividend yield of 2.24%.

The Hartford Financial Services Group has raised its dividend payment by 38.3% over the last three years and has increased its dividend every year for the last 1 years.

Shares of NYSE:HIG traded up $0.28 on Wednesday, hitting $62.61. The company’s stock had a trading volume of 1,027,751 shares, compared to its average volume of 2,697,967. The Hartford Financial Services Group has a 12 month low of $34.69 and a 12 month high of $69.94. The firm has a market capitalization of $22.36 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08. The company’s 50-day moving average price is $63.79. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

The Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings data on Thursday, April 22nd. The insurance provider reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.19). The firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.18 billion. The Hartford Financial Services Group had a net margin of 8.21% and a return on equity of 10.43%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. On average, equities research analysts expect that The Hartford Financial Services Group will post 4.74 earnings per share for the current year.

HIG has been the subject of several research analyst reports. Bank of America initiated coverage on The Hartford Financial Services Group in a report on Monday, May 3rd. They issued a “neutral” rating for the company. Raymond James upped their target price on The Hartford Financial Services Group from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, April 5th. MKM Partners reaffirmed a “neutral” rating and set a $70.00 target price (up from $65.00) on shares of The Hartford Financial Services Group in a report on Thursday, March 25th. Wells Fargo & Company reaffirmed a “buy” rating on shares of The Hartford Financial Services Group in a report on Friday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on The Hartford Financial Services Group from $60.00 to $73.00 and gave the company a “buy” rating in a report on Monday, July 12th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The Hartford Financial Services Group presently has a consensus rating of “Buy” and an average target price of $69.31.

The Hartford Financial Services Group Company Profile

The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, continental Europe, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers.

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

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