Hartford Financial Services Group Inc (NYSE:HIG) declared a quarterly dividend on Thursday, February 22nd, RTT News reports. Shareholders of record on Monday, March 5th will be given a dividend of 0.25 per share by the insurance provider on Monday, April 2nd. This represents a $1.00 annualized dividend and a yield of 1.88%.
Hartford Financial Services Group has raised its dividend payment by an average of 13.5% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Hartford Financial Services Group has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Hartford Financial Services Group to earn $4.88 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 20.5%.
Hartford Financial Services Group (NYSE HIG) traded down $0.73 during trading hours on Thursday, reaching $53.22. 2,430,000 shares of the company’s stock traded hands, compared to its average volume of 2,630,000. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.27 and a quick ratio of 0.40. Hartford Financial Services Group has a 52-week low of $46.35 and a 52-week high of $59.20. The stock has a market cap of $18,980.00, a P/E ratio of -280.11, a P/E/G ratio of 1.29 and a beta of 0.93.
Several equities analysts have weighed in on HIG shares. Zacks Investment Research downgraded shares of Hartford Financial Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 26th. Credit Suisse Group upgraded shares of Hartford Financial Services Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Tuesday, December 19th. Wells Fargo & Co set a $55.00 price target on shares of Hartford Financial Services Group and gave the stock a “hold” rating in a report on Thursday, November 16th. UBS Group lifted their price target on shares of Hartford Financial Services Group from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Citigroup started coverage on shares of Hartford Financial Services Group in a report on Wednesday, December 20th. They set a “neutral” rating and a $59.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.00.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://weekherald.com/2018/02/22/hartford-financial-services-group-inc-hig-plans-0-25-quarterly-dividend.html.
About Hartford Financial Services Group
The Hartford Financial Services Group, Inc is a holding company for insurance and financial services subsidiaries. The Company’s segments include Commercial Lines, which provides workers’ compensation, property, automobile, marine, livestock, liability and umbrella coverages primarily throughout the United States; Personal Lines, which provides automobile, homeowners and personal umbrella coverages to individuals across the United States; Group Benefits, which provides group life, accident and disability coverage, and other products and services; Property & Casualty Other Operations, which includes certain property and casualty operations; Mutual Funds, which provides investment management, administration, product distribution and related services to investors; Talcott Resolution, which consists of the run-off of the Company’s the United States individual and institutional annuity, and Private Placement Life Insurance (PPLI) businesses, and Corporate.
Receive News & Ratings for Hartford Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hartford Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.