Key Developments: Hartford Financial Services Group Inc (HIG)

HIG on New York Consolidated

36.37USD
11 Jul 2014
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$0.17 (+0.47%)
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Latest Key Developments (Source: Significant Developments)

Hartford Financial Services Group Inc Declares Quarterly Dividend
Thursday, 24 Oct 2013 04:34pm EDT 

Hartford Financial Services Group Inc announced that the board of directors declared a quarterly dividend of $0.15 per share of common stock, payable on January 2, 2014, to shareholders of record at the close of business on December 2, 2013.  Full Article

Hartford Financial Services Group Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates-Conference Call
Tuesday, 30 Jul 2013 09:00am EDT 

Hartford Financial Services Group Inc announced that for third quarter of 2013, it expects core earnings of approximately $345 million to $370 million, or $0.70 to $0.75 per diluted share, assuming a weighted average share account of approximately 490 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of $370 million, EPS of $0.77 for third quarter of 2013.  Full Article

Hartford Financial Services Group Inc Increases Quarterly Dividend To $0.15 Per Common Share
Wednesday, 24 Jul 2013 05:26pm EDT 

Hartford Financial Services Group Inc announced that it has declared a quarterly dividend of $0.15 per share of common stock, a 50% increase over the prior amount, payable on October 1, 2013, to shareholders of record at the close of business on September 3, 2013.  Full Article

The Hartford Financial Services Group Inc Agrees To Sell U.K. Variable Annuity Business To Berkshire Hathaway
Thursday, 27 Jun 2013 06:30am EDT 

The Hartford Financial Services Group Inc announced that it has signed a definitive agreement to sell its subsidiary, Hartford Life International Limited (HLIL), in a cash transaction to Columbia Insurance Company, a Berkshire Hathaway company, for approximately $285 million. At closing, HLIL's sole asset will be its subsidiary, Hartford Life Limited (HLL), a Dublin-based company that sold variable annuities in the U.K. from 2005 to 2009.  Full Article

The Hartford Financial Services Group Inc Declares Dividend-DJ
Wednesday, 26 Jun 2013 08:51am EDT 

Dow Jones reported that The Hartford Financial Services Group Inc said its board has decided to raise its quarterly dividend to 15 cents a share from 10 cents a share, an increase that will cost about $22.8 million a quarter. The dividend has a yield of roughly 2%.  Full Article

The Hartford Financial Services Group Inc Declares Quarterly Dividend Of $0.10 Per Share Of Common Stock
Thursday, 16 May 2013 02:04pm EDT 

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
Thursday, 11 Apr 2013 01:00pm EDT 

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 million for fiscal 2013.  Full Article

The Hartford Financial Services Group Inc Declares Quarterly Dividend Of $0.10 Per Share Of Common Stock
Thursday, 28 Feb 2013 02:57pm EST 

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
Tuesday, 5 Feb 2013 09:00am EST 

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.
Tuesday, 4 Dec 2012 09:45pm EST 

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

Fitch Comments on Hartford's Announcement of Agreement to Sell Its Japan Unit

(The following statement was released by the rating agency) CHICAGO, April 28 (Fitch) Hartford Financial Services Group, Inc. (HFSG) announced this morning that it has reached a definitive agreement to sell Hartford Life Insurance K.K. (HLIKK) to a subsidiary of Orix Corporation, a publicly held international financial services organization based in Tokyo, Japan, for consideration of approximately $895 million. HLIKK houses HFSG's Japan annuity operations, the sale of which will, with the e

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