Last $35.86 USD
Change Today +0.04 / 0.11%
Volume 1.4M
HIG On Other Exchanges
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New York
As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

hartford financial svcs grp (HIG) Key Developments

The National Federation of Independent Business Announces New Partnership with the Hartford to Offer Small Business Insurance Solutions

The National Federation of Independent Business (NFIB) announced a new partnership with The Hartford to offer its members a broad range of commercial insurance products and coverages to protect their businesses and employees. The NFIB/Hartford partnership offers a number of advantages for NFIB members, including: Best-in-class business insurance coverages, including Workers' Compensation (dependent upon state), Business Owner's Policy (business property and business liability coverage) and Business Auto insurance. Flexible coverage & service options with cost effective packages which can be tailored for specific industry needs. First-class customer service with 24/7 access. Industry leading claims handling capabilities.

The Hartford Financial Services Group, Inc. Approves Amendments to the Amended and Restated By-Laws

The Hartford Financial Services Group, Inc. announced that on June 8, 2014, the Board approved an amendment to the company’s Amended and Restated By-laws, effective June 9, 2014, principally to permit the roles of Chairman and Chief Executive Officer of the company to be separated and certain related matters. The By-laws previously provided that the Chairman shall be the Chief Executive Officer of the company.

The Hartford Announces Management Changes, with Effective from July 1, 2014

The Hartford announced that Christopher J. Swift has been appointed chief executive officer of the company and a member of the company's board of directors and that Douglas G. Elliot has been named president. Liam E. McGee, currently chairman, president and chief executive officer, continues in his role as executive chairman of the board until the next annual shareholders' meeting. The company also appointed Beth A. Bombara to succeed Swift in the chief financial officer role. The appointments are effective July 1, 2014. Swift joined the company in March 2010 and is currently executive vice president and chief financial officer. Previously he held various senior leadership and finance roles at American International Group. Elliot joined the company in April 2011 as president of commercial markets. Before that he served as president of Hartford Steam Boiler, a subsidiary of Munich Re, and was a senior advisor with Aspen Insurance Holdings. Bombara has been president of Talcott Resolution since July 2012 and prior to that served as senior vice president and controller for the company. She joined the company in April 2004. Prior to that, Bombara was a senior manager in Deloitte & Touche LLP's audit practice and was a partner at Arthur Andersen LLP.

The Hartford Names Carl J. Carano as Vice President of Loss Control

The Hartford has appointed Carl J. Carano vice president of loss control for the company's Commercial Markets division. Carano will lead The Hartford's development and delivery of a broad array of risk management services for The Hartford's commercial insurance customers. He will report to David Carter, head of Middle Market. Carano brings more than 25 years of leadership in risk management, underwriting and loss control strategy to his role. He joins The Hartford from Mitsui Sumitomo Insurance, where he served as vice president and director of risk engineering, with responsibility for leading the company's loss control and risk engineering operations. He has also held senior level risk management, loss control and underwriting positions with Selective Insurance, AIG and Cigna's property and casualty operation.

The Hartford Financial Services Group, Inc. Declares Quarterly Dividend, Payable on July 1, 2014

The Hartford Financial Services Group, Inc. announced that its board of directors declared a quarterly dividend of $0.15 per share of common stock, payable on July 1, 2014, to shareholders of record at the close of business on June 2, 2014.

 

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Valuation HIG Industry Range
Price/Earnings 17.0x
Price/Sales 0.7x
Price/Book 0.8x
Price/Cash Flow 17.7x
TEV/Sales NM Not Meaningful
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