New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2014
06:06 EDTHIGHartford Financial implied volatility of 22 at lower end of index mean range
News For HIG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 28, 2015
09:55 EDTHIGHartford Financial sees $1.9B in subsidiary dividends to parent in 2016
Hartford Financial reported that during July it received about $900M in dividends to the holding company, including $500M funded by Talcott. For the remainder of the year, Hartford expects approximately $300M in dividends from subsidiaries for a total of about $1.9B for the year, which it noted was unchanged from its February projections. In 2016, the current outlook is for about $1.9B of subsidiary dividends and other cash flows to the holding company, including $800M in dividends from the P&C companies. CEO Chris Swift said earlier on the company's Q2 earnings call that the company is "closely watching" developments across the industry, including recent M&A activity. Swift added that these "activities will certainly have repercussions on our markets. While change brings risk, it also brings opportunity." Hartford noted that its priority for excess capital utilization going forward is to find opportunities to invest in its businesses, helping to drive premium and earnings growth and expand its capabilities, adding that it will return excess capital to shareholders in the event that it does not find opportunities that meet its overall objectives.
July 27, 2015
16:11 EDTHIGHartford Financial raises quarterly dividend to 21c from 18c per share
The board of directors also declared a quarterly dividend of 21c per share of common stock, payable on Oct. 1 to shareholders of record at the close of business on Sept. 1. This represents an increase of 3c per share, or 17%, over the prior quarterly dividend.
16:10 EDTHIGHartford Financial raises share repurchase plan by $1.6B
The Hartford announced that its board of directors approved an increase in and extension of the company’s capital management plan. The current equity repurchase plan was increased by $1.6B and extended through Dec. 31, 2016. The debt management plan was expanded to include the repayment of $275M of debt maturing in 2016 and extended through Dec. 31, 2016.
16:09 EDTHIGHartford Financial reports Q2 core EPS 91c, consensus 77c
Reports Q2 revenue $4.685B, consensus $4.7B. Book value per diluted share, excluding accumulated other comprehensive income, was $42.41, up 8% over June 30, 2014.
15:03 EDTHIGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Baidu (BIDU), consensus $10.58... Avalonbay Communities (AVB), consensus $1.92... Hartford Financial (HIG), consensus 77c... Southwestern Energy (SWN), consensus 6c... PartnerRe (PRE), consensus $2.35... Allison Transmission (ALSN), consensus 34c... Swift Transportation (SWFT), consensus 37c.
13:46 EDTHIGHartford Financial technical notes ahead of earnings
The stock has been in a stable bullish uptrend since the lows of August in 2012. Of late the bullish price channel has begun to steepen, implying greater upside momentum into earnings. If the news is bullish, resistance levels to watch as potential upside objectives would be at $47.42, $49.14, and $50.47. If the news is a bearish surprise, the first important support would be the 30-day moving average at $44. On a breakdown below that average, next supports to watch as potential downside objectives would be at $42.98, $41.75, and $40.63.
July 20, 2015
09:16 EDTHIGThe Hartford names Morris Tooker Chief Underwriting Officer
The Hartford has named A. Morris “Mo” Tooker as EVP and chief underwriting officer for the company’s property and casualty businesses, effective July 21. Tooker will report to Doug Elliot, president of The Hartford. Tooker will oversee underwriting across The Hartford’s Small Commercial, Middle Market, Large Commercial and Personal Lines segments. He will lead development of the company’s underwriting approach for new markets and growth areas.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use