ADVFN - Advanced Financial Network.
HOME» NYSE » H » HIG Stock Price » HIG Stock News

Hartford Share News

 Hartford Financial Services Grp. Inc. Stock Price
HIG Stock Price
 Hartford Financial Services Grp. Inc. Stock Chart
HIG Stock Chart
 Hartford Financial Services Grp. Inc. Stock News
HIG Stock News
 Hartford Financial Services Grp. Inc. Company Information
HIG Company Information
 Hartford Financial Services Grp. Inc. Stock Trades
HIG Stock Trades

Hartford Buys Back $2.43 Billion In Securities From Allianz

DOW JONES NEWSWIRES Hartford Financial Services Group Inc. (HIG) agreed to buy back $2.43 billion in securities from Allianz SE (ALIZF, AZSEY, ALV.XE) in order to give the company financial flexibility and improve its capital structure. The company agreed to repurchase junior subordinated debt with a principal amount of $1.75 billion, as well as all outstanding warrants entitling Allianz to roughly 16% of Hartford's common stock. After the repurchases go into effect, Allianz will hold around 5% of the company's shares. The repurchases are expected to close April 17. The German insurer made a $2.5 billion capital investment in Hartford in October 2008 to shore up the company during the credit crisis. Under the terms of the deal, Allianz bought $750 million of convertible preferred shares at $31 each and $1.75 billion in 10% junior subordinated debentures. Allianz also got 7-year warrants entitling it to purchase $1.75 billion of common stock at an exercise price of $25.32. Hartford has largely turned itself around since the financial crisis, repaying a $3.4 billion bailout from the U.S. government, raising its dividend and unveiling a share-repurchase plan. Its bottom line took a hit last year from natural disasters like Hurricane Irene and other costs. Shares were up 1.3% in premarket trading, to $21.36. -By Kristin Jones; Dow Jones Newswires; 212-416-2208;

Stock News for Hartford (HIG)
11/19/201507:00:00Gen Y Gap: The Hartford Poll Finds Industries That Drive U.S...
11/18/201511:00:00The Hartford Named A Best Place To Work For LGBT Equality For...
11/17/201510:12:00The Hartford Recognized For Sustainability Efforts
11/13/201517:15:505 Key Things Hartford's Management Needs You to Know
11/09/201507:00:00The Hartford And The MIT AgeLab Reveal Top Technologies Mature...
10/28/201521:46:00Mark Melancon, Andrew Miller Named 2015 Relievers of the Year
10/27/201509:15:03Hartford Financial Takes a Hit as Investment Income Falls, Claim...
10/26/201519:00:00Hartford Financial Core Profit Falls 24%
10/26/201516:39:26Quarterly Report (10-q)
10/26/201516:30:34Current Report Filing (8-k)
10/26/201516:27:00The Hartford Reports Third Quarter 2015 Net Income Of $0.90 Per...
10/25/201517:35:54Notable earnings after Monday’s close
10/22/201516:14:00The Hartford Declares Quarterly Dividend of $0.21 Per Share of...
10/15/201509:03:00The Hartford’s Survey Finds Midsize Businesses To Invest For G...
09/29/201508:57:00Small Business Success And Optimism Rev Up, Focus On Growth Stalls...
09/28/201513:27:00The Hartford To Announce Third Quarter 2015 Financial Results...
09/28/201510:20:00The Hartford And NBC 7 San Diego Launch Contest To Boost Local...
09/15/201511:22:00Next Gen: The Hartford Expands Consumer Education Platform with...
09/08/201509:10:00Hartford Investment Management Company Names John Melvin Head...

Hartford Financial and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations