Last $41.13 USD
Change Today -0.32 / -0.77%
Volume 2.0M
HIG On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

hartford financial svcs grp (HIG) Snapshot

Open
$41.20
Previous Close
$41.45
Day High
$41.28
Day Low
$40.97
52 Week High
11/25/14 - $41.69
52 Week Low
01/27/14 - $31.96
Market Cap
17.7B
Average Volume 10 Days
2.7M
EPS TTM
$3.36
Shares Outstanding
431.5M
EX-Date
11/26/14
P/E TM
12.2x
Dividend
$0.72
Dividend Yield
1.61%
Current Stock Chart for HARTFORD FINANCIAL SVCS GRP (HIG)

hartford financial svcs grp (HIG) Details

The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business customers primarily in the United States and Japan. The company’s Property & Casualty Commercial segment offers workers’ compensation, property, automobile, marine, livestock, liability, and umbrella coverages, as well as customized insurance products and risk management services, including professional liability, fidelity, surety, and specialty casualty coverages. Its Consumer Markets segment provides standard automobile, homeowners, and personal umbrella coverages to individuals. The company’s Property & Casualty Other Operations segment manages property and casualty insurance. Its Group Benefits segment offers group life, accident and disability coverage, group retiree health, and voluntary benefits to employers, associations, affinity groups, and financial institutions. The company’s Mutual Funds segment provides mutual funds for retail and retirement accounts; and investment-management and administrative services, such as product design, implementation, and oversight, as well as includes the runoff of the mutual funds supporting the company's variable annuity products. This segment distributes open-end funds and 529 college savings plans to national and regional broker-dealer organizations, banks and other financial institutions, independent financial advisors, and registered investment advisors; and The Hartford’s funds to professional buyers, such as broker-dealers, consultants, record keepers, and bank trust groups. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.

18,800 Employees
Last Reported Date: 02/28/14
Founded in 1810

hartford financial svcs grp (HIG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $825.0K
President
Total Annual Compensation: $750.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $622.5K
Chief Risk Officer, Executive Vice President ...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2013.

hartford financial svcs grp (HIG) Key Developments

The Hartford Financial Services Group, Inc. Signs Five-Year Revolving Credit Facility Agreement

The Hartford Financial Services Group, Inc. signed five-year revolving credit facility agreement. The company has requested that (i) the Lenders extend credit on a revolving credit basis at any time and from time to time prior to the Maturity Date in an aggregate principal amount not in excess of USD 1,000,000,000 at any time outstanding, subject to increase as provided herein, (ii) make up to USD 250,000,000 of such credit facility available in the form of Letters of Credit and (iii) provide a procedure pursuant to which the Borrowers may invite the Lenders to bid on an uncommitted basis on short-term borrowings by the Borrowers. The proceeds of borrowings hereunder are to be used for general corporate purposes. The Lenders are willing to extend credit to the Borrowers on the terms and subject to the conditions herein set forth.

The Hartford Financial Services Group, Inc. Presents at Credit Suisse 2014 Boston Financials 1-on-1 Conference, Nov-10-2014

The Hartford Financial Services Group, Inc. Presents at Credit Suisse 2014 Boston Financials 1-on-1 Conference, Nov-10-2014 . Venue: Credit Suisse Offices, One Federal Street, 18th Floor, Boston, MA 02110, Massachusetts, United States.

The Hartford Financial Services Group, Inc. Reports Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Reports Impairment Losses in the Third Quarter of 2014

The Hartford Financial Services Group, Inc. reported consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported core earnings of $477 million, up 15% from $416 million in third quarter 2013. The increase in core earnings was principally due to improved property and casualty (P&C) underwriting results and higher income from limited partnerships and other alternative investments (LPs). Core earnings available to common shareholders per diluted share were $1.06, a 25% increase from $0.85 per diluted share in third quarter 2013 due to the growth in core earnings and the accretive impact of share repurchases over the past 12 months. Net income totaled $388 million, up 32% from $293 million in third quarter 2013. Third quarter 2014 net income included a $102 million, after-tax, unlock charge primarily related to the company's annual assumptions update, compared to a $104 million, after-tax, unlock charge in third quarter 2013. Third quarter 2013 net income included a $72 million, after-tax, loss from discontinued operations associated largely with the Japan annuity business, which was sold in second quarter 2014. Net income available to common shareholders per diluted share was $0.86, up 43% from $0.60 per diluted share in third quarter 2013. Total revenues were $4,769 million compared to $4,862 million reported a year ago. Income from continuing operations, before income taxes was $496 million compared to $446 million reported a year ago. Income from continuing operations, after taxes was $388 million compared to $365 million reported a year ago. Book value per diluted common share was $42.23 as of Sept. 30, 2014, an increase of 8% compared with $39.14 as of Dec. 31, 2013. Excluding AOCI, book value per diluted common share was up 1% to $39.82 as of Sept. 30, 2014, compared with $39.30 as of Dec. 31, 2013. Core earnings return on equity was 8.2% over the past twelve months. The company's focus on driving profitable growth through execution and investments in new capabilities is producing positive results. Net impairment losses in third quarter of 2014, including changes in mortgage loan loss reserves, totaled $14 million, before tax, compared with $26 million, before tax, in third quarter 2013.

 

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Industry Analysis

HIG

Industry Average

Valuation HIG Industry Range
Price/Earnings 40.7x
Price/Sales 0.7x
Price/Book 1.0x
Price/Cash Flow 24.5x
TEV/Sales 0.3x
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