41.27 0.00 (0.00%)
After hours: 4:16PM EST
|Bid||40.70 x 900|
|Ask||49.25 x 2900|
|Day's Range||40.88 - 41.43|
|52 Week Range||40.59 - 59.20|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 4, 2019|
|Forward Dividend & Yield||1.20 (2.90%)|
|1y Target Est||56.72|
The Hartford’s board of directors today declared a dividend of $412.50 on each share of the Series G preferred stock (equivalent to $0.4125 per depository share) payable on Feb. 15, 2019, to shareholders of record at the close of business on Feb. 1, 2019. The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity.
The Hartford has announced the launch of its new credit and political risk insurance products that are designed to help corporations, financial institutions and private equity firms with international exposures manage their credit and political risks. “Operating in emerging markets can bring a number of political risks, such as acts of expropriation or confiscation of assets by a foreign government, that are not typically covered under a company’s global insurance policies,” said Jared Kotler, head of The Hartford’s credit and political risk insurance (CPRI) practice. “Expanding our product capabilities to include credit and political risk insurance helps The Hartford better meet the holistic needs of its customers operating globally.
The Hartford was named to the 2018 JUST 100 list by Forbes and JUST Capital. The list is a ranking of the top 100 publicly-traded, U.S. corporations that, according to Forbes, produce quality goods, treat customers well, minimize environmental impact, support the communities they operate in, commit to ethical and diverse leadership, and above all, treat workers well. “At The Hartford, we are proud of our history of doing the right thing and engaging on issues when we can make a difference and influence change,” said The Hartford’s head of Corporate Sustainability Diane Cantello.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Carl Icahn and George Soros think. Those hedge fund operators make billions of dollars each […]
Hartford Financial Services Group Inc. said Wednesday it expects a fourth-quarter current accident year net catastrophe impact of $350 million to $365 million, due primarily to the Camp Fire in California. Other catastrophes include the Woolsey fire in California and Hurricane Michael. The after-tax impact is estimated at $275 million to $290 million. The property and casualty insurance company's stock has lost 14.5% over the past three months, while the SPDR S&P Insurance ETF has slipped 6.7% and the S&P 500 has given up 6.5%.
The Hartford today announced that it currently expects fourth quarter 2018 current accident year net catastrophe impacts of $350 million to $365 million, before tax, including the Camp and Woolsey fires in California and Hurricane Michael. After tax, fourth quarter current accident year net catastrophe impacts are estimated at approximately $275 million to $290 million. The Hartford will release fourth quarter 2018 financial results on Monday, Feb. 4, 2019, after the close of the market and will host a webcast to discuss these results at 9 a.m. EST on Tuesday, Feb. 5, 2019.
The Hartford has purchased Y-Risk, a managing general underwriter specializing in the sharing and on-demand economy, from Allstar Financial Group, Inc. The addition of Y-Risk to The Hartford’s Strategy & Ventures group’s portfolio is part of the company’s ongoing focus on driving innovation and growth through new capabilities and offerings to better meet the changing needs and expectations of customers. “As a recent start-up, Y-Risk operates on the leading edge of the insurance industry, combining deep underwriting expertise with a strong understanding of the fast-paced world of the tech-enabled economy,” said John Wilcox, head of Strategy & Ventures at The Hartford. “We are pleased to welcome the Y-Risk team to The Hartford.
Now the technology that created artificial intelligence is getting good at detecting stock market fluctuations that can only be explained as abnormal, sophisticated and nefarious. Bloomberg algorithms give market participants help identifying unusual activity in stock, bond, currency and derivatives trading. The automated analysis of derivatives like options can also expose otherwise opaque insider trading activity that was once evident only with the fluctuations of the underlying assets of bonds, commodities, currencies and equities.
A new survey by The Hartford shows the opioid epidemic is having a tangible and growing impact on employers of all sizes nationwide, and a majority of U.S. workers and Human Resources (HR) professionals feel they have limited knowledge and resources to address addiction. In addition, 65 percent of HR professionals said opioid addiction is having a financial impact on their company today. “Now is the time for the business community to join in a united effort advancing addiction prevention, treatment and recovery,” said The Hartford’s Chairman and CEO Christopher Swift.
The Hartford announced that it has appointed Christopher Lowell to lead its Small Business Innovation Lab, reporting to Stephanie Bush, head of Small Commercial and Personal Lines. “The lab is part of the company’s ongoing focus on driving innovation and growth across the company through the use of data, digital technology and insurtech partnerships to ensure we remain relevant and competitive in a rapidly changing marketplace,” said John Wilcox, head of Strategy and Ventures at The Hartford.
Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each eligible share of Navigators common stock will be cancelled and converted into the right to receive $70.00 in cash. The merger remains subject to various closing conditions, including receipt of various regulatory approvals, and is expected to close during the first half of 2019.
The Hartford, a leading provider of disability insurance with a long history of supporting people with disabilities, announced its new Ability Equipped program to significantly improve access to adaptive sports and provide adaptive sports equipment for youth and adults with disabilities across the country. The Hartford’s new Ability Equipped program will provide people with disabilities, who may be recovering from an injury or who would like to become more active, with access to sports programs and essential equipment.
Chris Swift became the CEO of The Hartford Financial Services Group Inc (NYSE:HIG) in 2014. This analysis aims first to contrast CEO compensation with other large companies. Next, we’ll consider Read More...
The market has been volatile as the Federal Reserve continues its rate hikes to normalize interest rates. Small-cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points in October. SEC filings and hedge fund investor letters indicate that […]
Moody's Investors Service ("Moody's") has assigned a Baa3(hyb) rating to $300 million of retail Series G perpetual preferred securities to be issued by The Hartford Financial Services Group, Inc. (HIG) off its shelf registration. Net proceeds from the offering are expected to be used for various purposes, which may include repayment of the company's 6.0% senior notes due January 15, 2019, funding for the acquisition of Navigators Group and other general corporate purposes. According to Moody's, The Hartford's ratings are based on the group's well diversified revenue and earnings streams with strategic focus on P&C insurance, group benefits and mutual funds, efficient underwriting, good product breadth, and multiple distribution channels.
A.M. Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” to the $300 million 6.0% non-cumulative preferred stock, Series G recently issued by The Hartford Financial Services Group, Inc. (The Hartford) (headquartered in Hartford, CT) [NYSE: HIG]. The outlook assigned to this Credit Rating (rating) is stable. Coverage metrics historically have been within guidelines, but deteriorated in 2017 as a result of various one-time charges.