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News Breaks | | | | March 3, 2013 | | 13:58 EDT |  | HIG | Hartford's FY12 results now a loss after Q3 amendment
On Friday afternoon, Hartford Financial Services Group filed an amended Form 10-Q restating its Q3 results, resulting in a loss for the year instead of a profit, due to an accounting error related to a sale of its life-insurance operations. The amendment resulted in the company now posting a FY12 net loss of $38M and shareholders' equity of $22.4B compared with its previously reported net income last year of $35M and shareholders' equity of $22.8B. The company said its 2012 core earnings of $1.4B are unchanged. In addition, the company said it determined "there was a material weakness in its internal control over financial reporting at Sept. 30, which was remediated as of Dec. 31 and that the company’s previously filed financial statements for Q312 should no longer be relied upon." | |
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News For HIG From The Last 14 Days Check below for free stories on HIG the last two weeks. |
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| May 16, 2013 | | 08:39 EDT |  | HIG | Hartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says
Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link | | | 08:33 EDT |  | HIG | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | May 15, 2013 | | 17:36 EDT | | HIG | Paulson gives quarterly update on stakes
 Subscribe for More Information | | | 13:13 EDT |  | HIG | Hartford Financial price target raised to $35 from $28 at Argus
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | HIG | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 06:23 EDT | | HIG | Hartford Financial upgraded to Overweight from Equal Weight at Barclays
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