Key Developments: Hartford Financial Services Group Inc (HIG)
30.64USD
22 May 2013
$-0.38 (-1.23%)
$31.02
$31.02
$31.48
$30.37
8,433,496
6,519,655
$31.51
$15.65
Latest Key Developments (Source: Significant Developments)
The Hartford Financial Services Group Inc Declares Quarterly Dividend Of $0.10 Per Share Of Common Stock
The Hartford Financial Services Group Inc announced that Board Of Directors declared a quarterly dividend of $0.10 per share of common stock, payable on July 1, 2013, to shareholders of record at the close of business on June 3, 2013. Full Article
The Hartford Financial Services Group Inc Raises FY 2013 Core Earnings Guidance; Sees Q1 2013 Charge-Conference Call
The Hartford Financial Services Group Inc adjusted fiscal 2013 core earnings outlook upward by $75 million to $1.45 billion to $1.55 billion. This change reflects the [lumination] of the Japan VA DAC amortization expenses following the first quarter write off, as Beth previously discussed. The Company expects first quarter 2013 net income to include charges of approximately $600 million for the Japan DAC and a $140 million charge for the debt tender cost. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of $1.45 for fiscal 2013. Full Article
The Hartford Financial Services Group Inc Declares Quarterly Dividend Of $0.10 Per Share Of Common Stock
The Hartford Financial Services Group Inc announced that its Board of Directors declared a quarterly dividend of $0.10 per share of common stock, payable on April 1, 2013, to shareholders of record at the close of business on March 11, 2013. The Board also declared a dividend of $18.125 on each share of the Series F preferred stock (equivalent to $0.4531 per depository share) payable on April 1, 2013, to shareholders of record at the close of business on March 15, 2013. Full Article
The Hartford Financial Services Group Inc Issues FY 2013 Core Earnings Guidance; Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
The Hartford Financial Services Group Inc announced that its outlook for fiscal 2013 core earnings is $1.375 billion to $1.475 billion, which includes the impact of lower investment yields and the $260 million to $280 million decline in Talcott Resolutions earnings due to the continued shrinkage of the VA books and the sale of Individual Life and retirement plans. For the first quarter of 2013, the Company announced that its outlook is for core earnings of $0.75 to $0.80 per diluted share (EPS), including budgeted CATs of $57 million after-tax. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.80 for the first quarter of 2013. Full Article
American International Group, Inc.'s AIG Life and Retirement Acquires Woodbury Financial Services From The Hartford Financial Services Group Inc.
American International Group, Inc. announced that its life and retirement business, AIG Life and Retirement, acquired Woodbury Financial Services, Inc. from The Hartford Financial Services Group Inc., on December 3, 2012 (New York time). The Company signed a definitive agreement for the acquisition on July 31, 2012. Woodbury Financial Services is now part of AIG Life and Retirement's Advisor Group. Full Article
The Hartford Financial Services Group Inc Issues Q4 2012 EPS Outlook Below Analysts' Estimates-Conference Call
The Hartford Financial Services Group Inc announced that its fourth-quarter 2012 outlook projects core earnings of approximately $375 million to $400 million or $0.77 to $0.82 per diluted share (EPS). This outlook does not include any estimate of DAC unlock or prior-year loss development and is also before previously mentioned restructuring charges which approximates $0.10 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.87 for the fourth quarter of 2012. Full Article
The Hartford Financial Services Group Inc Declares Quarterly Dividend Of $0.10 Per Share Of Common Stock
The Hartford Financial Services Group Inc announced that the Board of Directors declared a quarterly dividend of $0.10 per share of common stock, payable on January 2, 2013, to shareholders of record at the close of business on December 3, 2012. The Board also declared a dividend of $18.125 on each share of the Series F preferred stock (equivalent to $0.4531 per depository share) payable on January 2, 2013, to shareholders of record at the close of business on December 17, 2012. Full Article
Prudential Financial Inc Near Deal To Buy The Hartford Financial Services Group Inc's Insurance Arm.-Reuters
Reuters reported that Prudential Financial Inc. is close to an agreement to acquire the individual life insurance business of Hartford Financial Services Group Inc. The paper, citing a source familiar with the talks, said it would be structured as a complicated reinsurance transaction and that bankers had valued the business at about $1 billion. Full Article
The Hartford Financial Services Group Inc To Sell Retirement Plans Business To MassMutual
The Hartford Financial Services Group Inc announced that it has signed a definitive agreement to sell its Retirement Plans business to Massachusetts Mutual Life Insurance Company (MassMutual) for a cash ceding commission of $400 million, subject to adjustment at closing. The sale, which is structured as a reinsurance transaction, is expected to close by the end of 2012, subject to regulatory approvals and satisfying other customary closing conditions. Full Article
The Hartford Financial Services Group Inc. Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates-Conference Call
The Hartford Financial Services Group Inc. announced that for the third quarter of 2012, it expects core earnings to be in the range of $0.75 to $0.80 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.77 for the third quarter of 2012. Full Article
Premium income fall dents Hartford Financial profit beat
- Insurer Hartford Financial Services Group reported a quarterly profit that beat analysts' expectations, helped by higher underwriting margins, but premium income fell slightly in its core property and casualty business.
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