The Hartford (HIG) Declares $0.25 Quarterly Dividend

The Hartford (NYSE:HIG) announced a quarterly dividend on Thursday, May 17th, RTT News reports. Investors of record on Friday, June 1st will be given a dividend of 0.25 per share by the insurance provider on Monday, July 2nd. This represents a $1.00 annualized dividend and a yield of 1.88%.

The Hartford has increased its dividend payment by an average of 13.5% annually over the last three years and has increased its dividend every year for the last 5 years. The Hartford has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Hartford to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.2%.

HIG opened at $53.27 on Friday. The Hartford has a twelve month low of $52.55 and a twelve month high of $53.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $18.93 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.21 and a beta of 0.96.

The Hartford (NYSE:HIG) last posted its earnings results on Thursday, April 26th. The insurance provider reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.20. The Hartford had a positive return on equity of 8.93% and a negative net margin of 15.59%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts expect that The Hartford will post 4.6 earnings per share for the current year.

In other The Hartford news, EVP David C. Robinson sold 868 shares of The Hartford stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $51.39, for a total value of $44,606.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David C. Robinson sold 1,713 shares of The Hartford stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $53.62, for a total value of $91,851.06. Following the completion of the transaction, the executive vice president now directly owns 22,080 shares in the company, valued at $1,183,929.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,055 shares of company stock worth $2,215,659. Company insiders own 1.50% of the company’s stock.

HIG has been the subject of several analyst reports. Zacks Investment Research upgraded The Hartford from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, March 6th. TheStreet lowered The Hartford from a “b-” rating to a “c+” rating in a report on Friday, April 6th. ValuEngine upgraded The Hartford from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Citigroup boosted their target price on The Hartford from $55.00 to $57.00 and gave the stock a “hold” rating in a report on Tuesday, May 1st. Finally, Wells Fargo set a $56.00 target price on The Hartford and gave the stock a “hold” rating in a report on Monday, April 2nd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $59.58.

The Hartford Company Profile

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

Dividend History for The Hartford (NYSE:HIG)

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