Harvard University's Hasty Pudding Theatricals is the nation's oldest undergraduate drama troupe. The award recognizes outstanding entertainers.
Actress Claire Danes received an award for Woman of the Year.
Segel is on the show "How I Met Your Mother." He also co-wrote and starred in the 2011 movie "The Muppets."
A parade and a roast are planned for Feb. 3.
The Associated Press contributed to this story.