The Hartford Declares Quarterly Dividend Of $412.50 Per Share Of Series G Preferred Stock
The Hartford’s board of directors today declared a dividend of $412.50 on each share of the Series G preferred stock (equivalent to $0.4125 per depository share) payable on Feb. 15, 2019, to shareholders of record at the close of business on Feb. 1, 2019. The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity.
The Hartford Launches Credit and Political Risk Insurance Products
The Hartford has announced the launch of its new credit and political risk insurance products that are designed to help corporations, financial institutions and private equity firms with international exposures manage their credit and political risks. “Operating in emerging markets can bring a number of political risks, such as acts of expropriation or confiscation of assets by a foreign government, that are not typically covered under a company’s global insurance policies,” said Jared Kotler, head of The Hartford’s credit and political risk insurance (CPRI) practice. “Expanding our product capabilities to include credit and political risk insurance helps The Hartford better meet the holistic needs of its customers operating globally.
The Hartford Named One Of America’s Most ‘JUST’ Companies
Posted on Dec 10, 2018 (4 days ago)
The Hartford was named to the 2018 JUST 100 list by Forbes and JUST Capital. The list is a ranking of the top 100 publicly-traded, U.S. corporations that, according to Forbes, produce quality goods, treat customers well, minimize environmental impact, support the communities they operate in, commit to ethical and diverse leadership, and above all, treat workers well. “At The Hartford, we are proud of our history of doing the right thing and engaging on issues when we can make a difference and influence change,” said The Hartford’s head of Corporate Sustainability Diane Cantello.
The Hartford Financial Services Group, Inc. (HIG): Billionaires Love This Dividend Stock
Posted on Dec 9, 2018 (4 days ago)
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Carl Icahn and George Soros think. Those hedge fund operators make billions of dollars each […]
Hartford Financial sees net catastrophe impact of up to $365 million in the fourth quarter
Posted on Dec 5, 2018 (9 days ago)
Hartford Financial Services Group Inc. said Wednesday it expects a fourth-quarter current accident year net catastrophe impact of $350 million to $365 million, due primarily to the Camp Fire in California. Other catastrophes include the Woolsey fire in California and Hurricane Michael. The after-tax impact is estimated at $275 million to $290 million. The property and casualty insurance company's stock has lost 14.5% over the past three months, while the SPDR S&P Insurance ETF has slipped 6.7% and the S&P 500 has given up 6.5%.
The Hartford Comments On Fourth Quarter 2018 Catastrophe Losses
Posted on Dec 5, 2018 (9 days ago)
The Hartford today announced that it currently expects fourth quarter 2018 current accident year net catastrophe impacts of $350 million to $365 million, before tax, including the Camp and Woolsey fires in California and Hurricane Michael. After tax, fourth quarter current accident year net catastrophe impacts are estimated at approximately $275 million to $290 million. The Hartford will release fourth quarter 2018 financial results on Monday, Feb. 4, 2019, after the close of the market and will host a webcast to discuss these results at 9 a.m. EST on Tuesday, Feb. 5, 2019.
The Hartford Purchases Y-Risk, A Company Specializing In Insurance For The Sharing And On-Demand Economy
Posted on Dec 3, 2018 (11 days ago)
The Hartford has purchased Y-Risk, a managing general underwriter specializing in the sharing and on-demand economy, from Allstar Financial Group, Inc. The addition of Y-Risk to The Hartford’s Strategy & Ventures group’s portfolio is part of the company’s ongoing focus on driving innovation and growth through new capabilities and offerings to better meet the changing needs and expectations of customers. “As a recent start-up, Y-Risk operates on the leading edge of the insurance industry, combining deep underwriting expertise with a strong understanding of the fast-paced world of the tech-enabled economy,” said John Wilcox, head of Strategy & Ventures at The Hartford. “We are pleased to welcome the Y-Risk team to The Hartford.
To Sniff Out Insider Trading, Follow the Options Market
Posted on Nov 28, 2018 (16 days ago)
Now the technology that created artificial intelligence is getting good at detecting stock market fluctuations that can only be explained as abnormal, sophisticated and nefarious. Bloomberg algorithms give market participants help identifying unusual activity in stock, bond, currency and derivatives trading. The automated analysis of derivatives like options can also expose otherwise opaque insider trading activity that was once evident only with the fluctuations of the underlying assets of bonds, commodities, currencies and equities.
Opioids In The Workplace: New Survey By The Hartford Shows Growing Impact And Increasing Need For Employers To Act Now
Posted on Nov 27, 2018 (17 days ago)
A new survey by The Hartford shows the opioid epidemic is having a tangible and growing impact on employers of all sizes nationwide, and a majority of U.S. workers and Human Resources (HR) professionals feel they have limited knowledge and resources to address addiction. In addition, 65 percent of HR professionals said opioid addiction is having a financial impact on their company today. “Now is the time for the business community to join in a united effort advancing addiction prevention, treatment and recovery,” said The Hartford’s Chairman and CEO Christopher Swift.
The Hartford Appoints Christopher Lowell To Lead Small Business Innovation Lab
Posted on Nov 19, 2018 (25 days ago)
The Hartford announced that it has appointed Christopher Lowell to lead its Small Business Innovation Lab, reporting to Stephanie Bush, head of Small Commercial and Personal Lines. “The lab is part of the company’s ongoing focus on driving innovation and growth across the company through the use of data, digital technology and insurtech partnerships to ensure we remain relevant and competitive in a rapidly changing marketplace,” said John Wilcox, head of Strategy and Ventures at The Hartford.
Navigators Stockholders Approve Merger with The Hartford
Posted on Nov 16, 2018 (28 days ago)
Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each eligible share of Navigators common stock will be cancelled and converted into the right to receive $70.00 in cash. The merger remains subject to various closing conditions, including receipt of various regulatory approvals, and is expected to close during the first half of 2019.
The Hartford Broadens Its Commitment To Supporting People With Disabilities With New Ability Equipped Program
Posted on Nov 15, 2018 (29 days ago)
The Hartford, a leading provider of disability insurance with a long history of supporting people with disabilities, announced its new Ability Equipped program to significantly improve access to adaptive sports and provide adaptive sports equipment for youth and adults with disabilities across the country. The Hartford’s new Ability Equipped program will provide people with disabilities, who may be recovering from an injury or who would like to become more active, with access to sports programs and essential equipment.