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Hartford Financial Services Group Inc. (HIG)

- NYSE
  • Jun. 27, 2013, 7:16 AM
    The Hartford (HIG) makes more progress cutting the legacy assets of Talcott Resolution, agreeing to sell its U.K. variable annuity business to a unit of Berkshire Hathaway (BRK.B, BRK.A) for about $285M. The unit had $1.75B in AUM as of March 31. Less Talcott more capital returns. Investors nod yes.
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  • Jun. 26, 2013, 8:49 AM
    The Hartford (HIG) increases its buyback authorization by $750M to $1.25B and bumps the quarterly dividend to $0.15/share from $0.10. To date, the company has repurchased $166M of shares. The stock's ahead by 2.8% premarket. (PR)
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  • Jun. 25, 2013, 10:22 AM
    Life insurers could face charges in the billions from miscalculations about the number of customers exercising lifetime-income guarantees on variable annuities, according to Moody's. It's not news to insurers who for years have looked for ways to reduce these liabilities. "If you do not allocate your contract value ... the guarantee WILL BE REVOKED," goes the boldfaced part of a letter from Hartford (HIG) to customers this month. Others facing an impact include: MET and ING U.S. (VOYA).
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  • Jun. 20, 2013, 10:07 AM
    What's outperforming this morning? Life insurers for one, with Manulife (MFC +2%) leading the way after an upgrade. These companies have a near-impossible time of meeting their investment bogies with long-term yields so low, so the 10-year close to 2.5% works better than 2.2% a day ago and 1.7% weeks ago. MetLife (MET +1.1%), Prudential (PRU -0.1%), Hartford (HIG unchanged), Sun Life (SLF +0.8%), Lincoln National (LNC +0.1%).
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  • Jun. 7, 2013, 11:37 AM
    Among the strongest performers in a strong market are insurers - particularly life insurers - on hope of a sustained rise in interest rates allowing better income on their investments (current holdings tend to be hedged meaning no losses). MetLife (MET +2%), Prudential (PRU +3%), Hartford (HIG +2.3%), Genworth (GNW +3.3%), Manulife (MFC +1.9%), Lincoln National (LNC +2.8%) Sun Life (SLF +1.4%), ING US (VOYA +2.8%). Insurer ETFs: KIE, though it is more exposed to P&C, IAK, KBWI, KBWP, though totally P&C focused.
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  • May 29, 2013, 1:54 PM
    "Higher interest rates and a steeper yield curve are the first items on all insurance company CEO's Christmas lists," writes Scott Barlow in a piece titled, "How the U.S. Treasury market determines Manulife's (MFC +1.6%) stock price." It's eye on the Bloomberg, Credit Suisse ups price targets on MetLife (MET +2.3%), Hartford (HIG +1%), Aflac (AFL +1%), Ameriprise (AMP -0.3%), and Principal (PFG +1%). Others benefitting from a steeper curve: LNC and SLF.
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  • May 18, 2013, 8:45 AM
    Newly public ING U.S. (VOYA) is up 20% since its IPO 2 weeks ago, but only trades at 60% of book value compared to the average life insurer (MET, HIG, PRU) selling for near book, writes Andrew Bary. Not only that, but the company is misunderstood - it's more retirement-services specialist and asset manager (think PFG) than life insurer, and should command an even higher valuation. What's more the seller (ING) was forced by regulators to do so against its will, the ING CEO calling it a "significant destruction of capital." Spinoff & Reorg Profiles - rarely a fan of promoted IPOs - think's it's worth $31. With an easily digestible $6B market cap, it might be worth even more to an acquirer.
    | 3 Comments
  • May 16, 2013, 4:41 PM
    The Hartford (HIG) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.30%. For shareholders of record June 3. Payable July 1 . Ex-div date May 30. (PR)
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  • May 13, 2013, 2:34 PM
    More on the insurance upgrades (I, II) by Barclays: Not convinced AIG can boost P&C results much more, or that either it or Hartford Financial (HIG) can do much to improve returns at their life insurance units, Jay Gelb says both should aim to boost value by buying back shares trading at steep discounts to book value. He sees $5B in buybacks for AIG for both 2014 and 2015, and $750M for Hartford.
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  • May 13, 2013, 7:25 AM
    Barclays is busy with the insurers, upgrading Hartford Financial (HIG) to Buy along with its upgrade of AIG. Shares +0.2% premarket. 
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  • May 10, 2013, 11:11 AM
    A basket of 27 stocks drawing at least 10% of their revenue from Japan is up 11% YTD, 600 bps shy of the median gain for a S&P 500 stock, according to Goldman, doing the study as the yen devaluation continues. Insurers make up 3 of the 5 deriving the largest portion of revenue from Japan, with Aflac (AFL) a big underperformer, but Hartford (HIG) and Prudential (PRU) beating S&P gains.
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  • Apr. 30, 2013, 3:13 PM
    Hartford Financial (HIG +3.2%) surges to an new 52-week high post earnings, with JPMorgan's Jimmy Bhullar noting particularly strong margins in both commercial and consumer P&C lines, and suggesting an acceleration of share buybacks as a catalyst to even more upside.
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  • Apr. 29, 2013, 4:46 PM
    More on Hartford Financial (HIG) Q1 earnings: Earnings helped by lower than expected catastrophe losses. P&C combined ratio improved to 91.8 from 93.9 a year ago, written premiums fell 1%. Annualized investment yield of 4.3% is flat Y/Y. Book value/share (excl. AOCI) of $39.09, off 4% from a year ago. Talcott Resolution - the insurer's run-off life and annuity operation - cut $73M from profits vs. $102M a year ago. Conference call at 9 ET. Shares -1% AH. (PR)
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  • Apr. 29, 2013, 4:32 PM
    Hartford Financial (HIG): Q1 EPS of $0.92 beats by $0.10. Shares -3.3% AH.
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  • Apr. 29, 2013, 12:10 AM
    Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO
    | 1 Comment
  • Apr. 28, 2013, 5:35 PM
    Notable earnings after Monday’s close: ANAD, ANH, BWLD, CBL, CRK, CSE, CYH, DTLK, ESRX, GGP, HIG, HLF, HTZ, IDTI, JEC, MAS, MSTR, NEM, PCL, QGEN, RGR, RJET, RVBD, SBAC, SSW, SU, TXRH, VECO
    | 1 Comment
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Company Description
Hartford Financial Services Group Inc is an insurance & financial services Company. Its business segments includings Property & Casualty Commercial, Consumer Markets, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.