U.S. Treasury nets $706.26 mln on Hartford warrants

WASHINGTON, Sept 22 (Reuters) - The U.S. Treasury Department said on Wednesday that it expects net proceeds of $706.26 million from the auction of stock warrants in Hartford Financial Services Group Inc (HIG.N).

Treasury said it sold about 52.09 million warrants at an auction price of $13.70. The warrants, granted to the government as part of a now-repaid $3.4-billion taxpayer bailout investment in the insurer, carry a strike price of $9.79 per share and expire June 26, 2019.

Hartford Financial shares closed on Tuesday at $23.16.

(Reporting by Glenn Somerville, Editing by Chizu Nomiyama)