Hartford Financial (HIG +0.4%) is looking to sell its mutual-fund unit in a deal that could...

|About: Hartford Financial Service... (HIG)|By:, SA News Editor

Hartford Financial (HIG +0.4%) is looking to sell its mutual-fund unit in a deal that could bring upward of $1.5B, Bloomberg reports. The 200-year-old insurer returned to profit and repaid a $3.4B bailout last year. "Freeing up a billion dollars worth of capital would be pretty nifty," one analyst says.