HIG Hartford Financial Services Group Inc. featured news, full reports, and detailed charts
Hartford Financial Services Group Inc. (HIG) Wrap Up:
The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally. It engages in life, and property and casualty insurance businesses. The life insurance business comprises six segments: Retail Products Group (Retail), Retirement Plans, International and Institutional Solutions Group (Institutional), Individual Life, Group Benefits, and International. Retail segment offers variable and fixed market value adjusted annuities, retail mutual funds, 529 college savings plans, and Canadian and offshore investment products. Retirement Plans segment provides products and services to corporations and municipalities. Institutional segment offers institutional liability products and variable private placement life insurance, as well as mutual funds to institutional investors. Individual Life segment sells variable universal, whole, and term life products. Group Benefits segment offers group life, accident, and disability coverage. International segment provides investments, retirement savings, and other insurance and savings products in Japan, Brazil, Ireland, and the United Kingdom. The property and casualty insurance business includes five segments: Personal Lines, Small Commercial, Middle Market, Specialty Commercial, and Other Operations. Personal Lines segment offers automobile, homeowners?, and home-based business coverage. Small Commercial segment provides standard commercial insurance coverage to small commercial businesses. Other Operations segment comprises certain property and casualty insurance operations, including the company?s asbestos and environmental exposures. The company was formerly known as ITT-Hartford Group, Inc. and changed its name in 1972. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.Hartford Financial Services Group Inc. (HIG:NYSE)
Snapshot of Hartford Financial Services Group Inc. (HIG)
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OPEN
$25.14
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PREVIOUS CLOSE
$25.32
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DAY HIGH
$25.31
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DAY LOW
$24.88
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52 WEEK HIGH
10/12/09 - $29.59
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52 WEEK LOW
03/6/09 - $3.33
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MARKET CAP
9.7B
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AVERAGE VOLUME 3 mo
7.1M
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DILUTED EPS TTM
$-7.33
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SHARES OUTSTANDING
383.0M
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EX-DATE
11/27/09
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P/E TTM
NM
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DIVIDEND
$0.20
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DIVIDEND YIELD
0.79%
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| K = Thousands M = Millions B = Billions | ||
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Executives, Board Directors
Key developments for Hartford Financial Services Group Inc. (HIG)
Hartford Financial Services Group Inc. introduced the Hartford Employed Lawyers Choice Liability Policy, a professional liability policy specifically for staff attorneys. The Hartford Employed Lawyers Choice Liability Policy is designed for small and midsize companies looking to provide comprehensive coverage for their in-house counsel, the company said. The coverage features of The Hartford Employed Lawyers Choice Liability Policy include: coverage for disciplinary proceedings and potential disbarment proceedings; coverage for failure to comply with Sarbanes-Oxley section 307; defense costs for claims brought by the employer or named entity against its attorney; non-rescindable side A coverage, which protects insured persons when they are not indemnified by their employer or the named entity; coverage for legal and notary services; and optional coverage for securities violations.
Hartford Financial Services Group Inc. unveiled a total voluntary benefits solution for employers with 1,000 or more employees. This new comprehensive system of people, processes and technology for voluntary group life and disability insurance is the result of significant investments by The Hartford, the No. 1 seller of group disability insurance.1. The Hartford's expanded benefits capabilities include: Eligibility Data Management--Leverages census data feeds to deliver a personalized employee enrollment experience including real-time underwriting decisions. The ongoing storage and maintenance of this data also facilitates more accurate, timely employer reporting and drives employee self service in support of post enrollment life events. Data formats from all common HRIS/Payroll systems and third-party vendors can be accommodated. Integrated Enrollment Services--Delivers customized paper, online, on-site and telephonic support to ensure a seamless experience for both annual enrollments and ongoing changes. Beneficiary designation and evidence of insurability are included in the service suite to ensure a 'once-and-done' enrollment experience for employees while delivering benefit administration efficiencies for employers and customized Portals--The Hartford offers employer branded websites for its Public and Education Sector clients. The seamless transition from the employer site to The Hartford's tools helps drive employee awareness and understanding of income protection products and services.
Hartford Financial Services Group Inc. announced that Lizabeth Zlatkus, the company's Chief Financial Officer, will be appointed Chief Risk Officer (CRO). In addition, the company is launching an external search for a new CFO. Zlatkus will remain in her current role until a new CFO is named, at which point she will assume her new position.
HIG Competitors
| Company | Last | Change |
| ACE Ltd | $49.97 USD | -0.31 |
| Aegon | €4.88 EUR | -0.063 |
| AFLAC Inc | $44.67 USD | +0.83 |
| The Progressive Corp | $16.68 USD | -0.10 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | HIG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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HIG |
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HIG transactions
| Type Date |
Target |
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Bankruptcy
September 14, 2009 |
CRC Acquisition Co., LLC |
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Bankruptcy
July 24, 2009 |
Charm and Luck LLC |
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Bankruptcy
July 21, 2009 |
Hage Construction Co. |
More Recent News About Hartford Financial Services Group Inc.
More news for HIG
The Hartford Balanced Income Fund Celebrates Third Anniversary
SIMSBURY, Conn.--(BUSINESS WIRE)--With taxes rising, the future of healthcare in question and the markets still unsettled, many Americans may be interested in a mutual fund that invests in both stocks and bonds. The Hartford Balanced Income Fund (symbols – Class A:HBLAX, Class C:HBLCX), which is sub-advised by Wellington Management Company, LLP and recently celebrated its three-year anniversary, may provide the unique blend of high quality equities and fixed income many of today’s shell-shocked investors are looking for. “We are excited that The Hartford Balanced Income Fund has outperformed many of its peers since inception three years ago,†says Keith Sloane, senior vice president of The Hartford Mutual Funds. “This is one of many funds in our fund family that offers investors a diversified solution in their portfolio. Wellington Management, which created the first balanced mutual fund more than 80 years ago, has a long history of managing balanced investments.â€Unique features of The Hartford Balanced Income Fund include:“The target mix of equities and bonds make this mutual fund unique, and the blend can help investors play both offense and defense at the same time,†says Sloane. “The Fund’s portfolio managers invest in both equities and bonds. They also have the flexibility to adjust the allocation by plus or minus five percent based on market conditions.â€thth1.Quality bonds have outperformed lower-quality bonds so far this decade, with the performance gap widening significantly during the early stages of the credit crisis (data source: Ned David Research, 7/09). The fixed-income portion of ...Click here to read the whole Article (external link)
[$$] BofA, AmEx Nudge Blue Chips Higher
BY GEOFFREY ROGOW NEW YORK -- While the broader market was weighed down by weakness in Boeing and other industrials, a rally for Bank of America and American Express helped the Dow Jones Industrial Average close higher for a fifth day in a row. The Dow tacked on 20.03 points, or 0.2%, to 10246.97, its highest close since Oct. 3, 2008. In the past five days, the Dow is up 4.9% amid a push into its components going into year's end. BofA rose 26 cents, or 1.7%, to $16.03, after Chief Executive Kenneth Lewis said the integration of Merrill Lynch is ahead of ......Click here to read the whole Article (external link)
The Hartford Enhances Cyber Liability Policy To Address Emerging Online Reputation And Privacy Exposures
HARTFORD, Conn.--(BUSINESS WIRE)--User-generated content is taking many forms on today’s Internet. Whether consumers are posting product reviews to a company’s Web site, providing personally identifiable information to receive a special offer, or uploading photos to a social networking site, they’re sharing more information about themselves online, which creates both opportunities and liabilities for companies with access to this content. To help midsize and larger businesses address these emerging areas of risk, The Hartford Financial Services Group, Inc. has enhanced its flagship cyber liability policy. “We’re seeing widespread adoption of social media technologies among businesses in virtually every industry. At the same time, data is becoming increasingly regulated, which is creating new exposures, particularly in the areas of data privacy and reputational risk,†said Drew Bartkiewicz, vice president of cyber and new media risk at The Hartford.With CyberChoice 2.09, The Hartford now offers broader coverage for data privacy breaches and social media liability exposures, such as online defamation, advertising, libel and slander, by employees or casual users of a company’s Web site. CyberChoice 2.09 also defines the term “rogue employee†and provides coverage for such employee’s misuse of technology.“Whether an employee’s act is intentional or negligent, the viral nature of the Internet means that errors leading to data breaches, defamation of a competitor or the improper use of intellectual property can quickly become very costly to repair,†said Bartkiewicz.CyberChoice 2.09 offers businesses the ability to c...Click here to read the whole Article (external link)
New Liability Policy From The Hartford Protects In-House Attorneys
HARTFORD, Conn.--(BUSINESS WIRE)--When attorneys leave their law firms to become in-house counsel, they usually expect the same level of malpractice coverage they had at their law firms. Without that protection, in-house attorneys could be uninsured against lawsuits arising from any erroneous legal advice they might give their employers. SM is designed for small and midsize companies looking to provide comprehensive coverage for their in-house counsel.“In-house attorneys can face lawsuits stemming from a variety of areas, including employment practices, contract drafting, mergers and acquisitions. Lawsuits due to errors in those areas can result in significant defense costs and settlement payments,†said Will Demers, director of financial products underwriting for The Hartford. “We designed this policy to address gaps in coverage for these types of exposures, which can be substantial for staff attorneys who aren’t protected with a liability policy.â€Key coverage features of The Hartford Employed Lawyers Choice Liability Policy include:The Hartford’s policy also offers optional coverage for attorneys doing pro bono work and moonlighting – two key activities that could generate legal malpractice claims, but are not covered by traditional directors and officers (D&O) liability policies. D&O policies typically contain professional services exclusions and do not cover in-house attorneys in their legal advisor capacity.“It’s not uncommon for an in-house attorney to be tapped by a colleague or acquaintance for assistance with a legal matter, such as drafting a pre-nuptial agreement,†said Demers. “If that p...Click here to read the whole Article (external link)
The Hartford Recognized As A Top Military-Friendly Employer
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford Financial Services Group, Inc., (NYSE: HIG - News), today announced that it has been recognized by G.I. Jobs as a Top 100 Military Friendly Employer for 2010. “The Hartford is honored to be recognized as a top military friendly employer,†said Eileen Whelley, executive vice president of human resources for The Hartford. “Through their military service, veterans gain the training and experience that makes them valuable employees. In addition to their outstanding leadership skills, our nation's veterans embody The Hartford's core values of teamwork, integrity and winning spirit. Hiring veterans makes smart business sense."The G.I. Jobs Military Friendly Employers list, in its seventh year, serves as the primary benchmark of corporate recruiting programs aimed at veterans. The annual survey is one of the key tools used to determine the nation’s most Military Friendly Employers.“This isn’t about charity or patriotism. It’s about good business. The companies on our list understand that,†said Rich McCormack, who heads G.I. Jobs’ list research. Chris Hale, general manager of G.I. Jobs, notes that interest in hiring military veterans has never been higher. “This list serves to disprove a populist notion that veterans are having difficulty finding jobs when leaving the military.†Hale bristles at ...Click here to read the whole Article (external link)
[$$] Overheard:
Save to ↓ More Save This ↓ More Saved ↓ More ...Click here to read the whole Article (external link)
