The Hartford Financial Services Group Inc. (NYSE:HIG) declared a quarterly dividend on Thursday, October 27th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.23 per share on Tuesday, January 3rd. This represents a $0.92 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, November 29th. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.21.

The Hartford Financial Services Group (NYSE:HIG) opened at 47.87 on Monday. The stock has a market capitalization of $18.08 billion, a P/E ratio of 13.81 and a beta of 1.24. The Hartford Financial Services Group has a 12-month low of $36.54 and a 12-month high of $48.17. The firm’s 50-day moving average is $44.75 and its 200 day moving average is $43.25.

The Hartford Financial Services Group (NYSE:HIG) last released its earnings results on Thursday, October 27th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.11. The Hartford Financial Services Group had a net margin of 7.65% and a return on equity of 7.49%. The firm earned $4.70 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that The Hartford Financial Services Group will post $3.33 earnings per share for the current year.

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

Several analysts have weighed in on HIG shares. Keefe, Bruyette & Woods lowered their target price on shares of The Hartford Financial Services Group from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, August 1st. FBR & Co lowered their target price on shares of The Hartford Financial Services Group from $50.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Atlantic Securities lowered shares of The Hartford Financial Services Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $45.00 in a research report on Wednesday, August 10th. Mizuho upped their price target on shares of The Hartford Financial Services Group from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Credit Suisse Group AG set a $51.00 price target on shares of The Hartford Financial Services Group and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.45.

In other The Hartford Financial Services Group news, SVP Scott R. Lewis sold 5,868 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $44.16, for a total value of $259,130.88. Following the completion of the sale, the senior vice president now directly owns 12,812 shares of the company’s stock, valued at approximately $565,777.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.23% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of The Hartford Financial Services Group by 0.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,216,371 shares of the company’s stock worth $542,163,000 after buying an additional 63,383 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of The Hartford Financial Services Group by 1.3% in the second quarter. BlackRock Fund Advisors now owns 6,180,014 shares of the company’s stock worth $274,269,000 after buying an additional 77,454 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of The Hartford Financial Services Group by 1.0% in the second quarter. Janus Capital Management LLC now owns 2,730,200 shares of the company’s stock worth $121,166,000 after buying an additional 28,362 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of The Hartford Financial Services Group by 30.8% in the second quarter. APG Asset Management N.V. now owns 2,470,747 shares of the company’s stock worth $109,652,000 after buying an additional 582,396 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of The Hartford Financial Services Group by 29.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,636,738 shares of the company’s stock worth $72,639,000 after buying an additional 372,303 shares during the last quarter. 91.04% of the stock is owned by institutional investors.

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About The Hartford Financial Services Group

The Hartford Financial Services Group, Inc is a holding company. The Company operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States.

5 Day Chart for NYSE:HIG

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