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Wow this thing has potential. It looks like it can move fast due to a relatively low float. So cheap right now IMO. Can't believe how high this used to trade!
i added dips...eom
Whooops! It's not a $4.00 company!
Capital Growth Management Lp Institution -99.80 % 2009-02-13 15,000,000 0.00 % New Holding 15,000,000 100.00 %
Allianz Global Investors Of America L P Institution % 2009-02-17 11,556,593 % New Holding 11,556,593 100.00 %
Hartford Financial reportedly in talks to sell life insurance unit to Sun Life -
HIG is looking more and more like a pseudo “call option” on a broad market turnaround.
downgraded again - BARF!
The Hartford’s Jonathan Bennett To Speak At The Association of Insurance and Financial Analysts’ 34th Annual Conference
Date : 02/26/2009 @ 10:00AM
Source : Business Wire
Stock : The Hartford Financial Services Group, Inc. (HIG)
Quote : 7.36 0.37 (5.29%) @ 10:12AM
The Hartford’s Jonathan Bennett To Speak At The Association of Insurance and Financial Analysts’ 34th Annual Conference
The Hartford Financial Services Group, Inc., (NYSE: HIG) today announced that Jonathan Bennett, executive vice president, personal lines and small business, will present at the 2009 Association of Insurance and Financial Analysts’ Conference. Bennett will participate in a personal lines breakout session on Tuesday, March 3. His presentation will be 4:10 to 4:50 p.m. EST at The Hyatt Regency Scottsdale Resort and Spa at Gainey Ranch in Scottsdale, Ariz.
Bennett’s presentation will be simultaneously webcast on The Hartford’s Web site at http://ir.thehartford.com.
About The Hartford
The Hartford is one of the nation's largest financial services companies and a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2008 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
Hm...we had that behaviour before the last wave aswell...i hope you are right.
$7 Nice hike with short fuvking and pulled back fast again! Something we dont know? Is deutsche bank bringing it down to buy mo shares cheap? who knows!
The Hartford’s Tom Marra To Retire
Date : 02/25/2009 @ 8:48AM
Source : Business Wire
Stock : The Hartford Financial Services Group, Inc. (HIG)
Quote : 8.01 0.0 (0.00%) @ 8:33AM
The Hartford’s Tom Marra To Retire
The Hartford Financial Services Group, Inc., (NYSE: HIG) today announced that Thomas M. Marra, the company’s president and chief operating officer, will retire, effective July 3, 2009. The Hartford also announced that Marra has resigned from the company’s Board of Directors, effective immediately.
“Tom has been a dedicated and committed executive of The Hartford for nearly 29 years and has made substantial contributions to this organization over that time,” said Ramani Ayer, The Hartford’s chairman and chief executive officer. “Tom drove the expansion and growth of our life business, significantly diversifying The Hartford’s operations. As a result, The Hartford succeeded in achieving key leadership roles in significant markets. We thank Tom for his service to the company and we wish him well in all his future endeavors.”
Ayer will now directly oversee The Hartford’s property and casualty and life operations.
“The Hartford has been my home for 29 years and I have personally benefitted from the many people I have been fortunate enough to work with,” said Marra. “From a business perspective, the timing is right. The new reporting structure will allow for more streamlined and decisive management and enable The Hartford to continue meeting the challenges of this dynamic, turbulent market.”
About The Hartford
The Hartford is one of the nation's largest financial services companies and a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2008 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
**Ok here is the good news! The end of mark to market is coming.
This will not only be great for all the banks, but the insurers to boot!
Hand is loading GNW HIG DRYS again...... FITB will also be a MONSTA if you like 10 baggers.
Based on my positive experience with their auto insurance in Texas, I am shocked by today's decline in stock price. I certainly hope this is just a small financial decline blip and we will see gains soon.
This sounds like a buyers' market for Hartford. I certainly hope the price goes up for the stockholders, though. From personal experience as a consumer with their auto insurance in Texas, I highly recommend them as a solid financial value. You can't get much better car protection at a lower price.
well it closed at 7.76, looks like will drop below 7.00 tomorrow maybe close to 6.00..Can someone tells me whats going on? Last time it went from 10-15 then back to 4.12 then back to 20 then back to 11 then back to 19, now back to 7,76 so far. whats your prediction,,input is really apreciated. i thnk anyone who can buy at 5-6 dollar range can double their money here.
Thanks
thanks, I would have bought today when it was lower, but I have to wait for my funds to clear on monday. take care, TM
MAY BE AN OVERSOLD SITUATION. MANY YAHOO PLAYERS TURNED TO BE BULLISH ON THIS TODAY. I SAW IT EARLIER @4.00 DUE TO SHORT SELLING. THEN HIG SHOWED THE MONEY TO THEM(short sellers). AND HIG MOVED TO $15s Now pulled back again..I will wait a bit longer..
GL2 U
I think monday im getting in this one.
$14.05 now.. Dropped along with AFL, AZ etc..Still way above $5 recent most low!
Thanks for the heads up on the pinky, but this is the Hig board!
If u would like I have a thread for all stock talk post it there.
Follow link in my signature.
thanks see you there!
then check out prhb,its on an upswing and with a steady incline
Yep, you should come by the don't bite the hand that feeds you board, we make it our business to find great companies to invest in and trade.
Solid company.
Yesterday was amazing
$- you mean boom shakka lakka
I heard of this . Its old news imo. Companies nowadays gets these all the time.
Anyone see this yet from the yahoo board?
http://www.planadviser.com/compliance/article.php/3319
"Hartford Stock Drop Cases Accumulate
Fred Schneyer – 12/10/2008
Hartford Financial Services Group Inc. has been hit with two new stock drop class action lawsuits.
The lawsuits allege a fiduciary breach by continuing to have company stock as a retirement plan investment option after it was no longer prudent because of the firm’s subprime mortgage exposure.
In the two federal court suits filed last week in Connecticut, employees Denise Jump and Joe DeSalvo claim having company stock in the plan was no longer appropriate because of the company's heavy exposure to mortgage-related assets—including investments in the troubled Fannie Mae, Freddie Mac, Lehman Brothers Holdings, Washington Mutual, and American Insurance Group.
According to the complaints in both lawsuits, in 2007 Hartford's retirement plan held more than $650 million worth of Hartford common stock, which made up 21.4% of the plan's total assets.
The company violated the Employee Retirement Income Security Act (ERISA) by keeping the company stock option even though they knew or should have known Hartford's stock price was artificially inflated and that company officials improperly issued reassuring statements, despite their subprime market exposure, the suits charged.
The lawsuits alleged the defendants failed to conduct an appropriate investigation into whether Hartford stock was a prudent investment to the plan. The lawsuits also alleged that the defendants breached their duties by failing to:
develop appropriate investment guidelines for Hartford stock
divest the plan of Hartford stock
discontinue further contributions of Hartford stock to the plan
consult or appoint independent fiduciaries regarding the appropriateness of investment in Hartford stock
resign as fiduciaries of the plan.
Share Value Drop
In May 2007, according to the complaints, Hartford's stock traded as high as $106 while the company continued to report positive earnings results. In August, the news about Hartford's exposure to subprime losses came to light. As the credit crisis grew, Hartford's stock price by October 31, 2008, was just over $10 per share.
Not only that, the suit claimed, but Hartford's decision to take on more risk with its subprime mortgage has negatively impacted earnings and capital needs in its variable annuity businesses, which has caused further losses to Hartford's stock price.
"Defendants continued to invest and to allow investment in the Plan's assets in Company stock even though they knew or should have known that Hartford would require additional capital to remedy its risky exposure to the credit and subprime mortgage markets, and the deterioration of its capital, resulting in a decrease in the value of Hartford stock," the complaints said.
The latest lawsuits come on the heels of another lawsuit filed November 12 by another Hartford employee who also alleged that Hartford breached its ERISA fiduciary duties by concealing from its employees the company's exposure to losses in the subprime industry (see “The Hartford 401(k) Draws Stock Drop Scrutiny”)"
I will make my first buy when we fill the 1st gap @ $7.21, then again at $6.24.
Wowser remember this post!
US insurer Principal Financial to cut 550 jobs
NEW YORK, Dec 9 (Reuters) - Principal Financial Group said on Tuesday it
will cut 550 jobs, citing deterioration in U.S. and global financial markets.
Principal, a provider of retirement plans, life and health insurance,
said 300 of the eliminated positions are being made at its headquarters in Des
Moines, Iowa, and the rest throughout 45 other locations.
The cuts will reduce the insurer's workforce by about 3.5 percent,
Principal said.
The job cuts will take effect on Dec. 31, and the company said it will
pay severance to those affected.
"Since September when market conditions worsened, we have been
continuously reviewing expenses and expected revenues. In order to bring
expenses more in line with projected revenues, we have already cut many
expenses. Unfortunately, this must include eliminating some jobs," said Mary
O'Keefe, senior vice president, in a company statement.
Companies that sell life insurance and retirement products have seen
their capital eroded in recent months by heavy investment losses. Several have
raised capital, and others are trying to obtain federal funds under the
government's $700 billion bailout.
Principal, Hartford Financial, Prudential Financial and Genworth
Financial are among those who have applied for federal funding.
Principal said that if approved for the program it expected to be able to
borrow up to $2 billion. The company's profit tumbled 60 percent in the third
quarter, hurt by losses tied to impairments on fixed income securities and
equities.
(Reporting by Lilla Zuill, editing by Matthew Lewis) Keywords:
PRINCIPALFINANCIAL/JOBS
(lilla.zuill@thomsonreuters.com; + 1 646 223 6281)
COPYRIGHT
Copyright Thomson Reuters 2008. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including
by framing or similar means, is expressly prohibited without the prior written
consent of Thomson Reuters.
Yea come on over more. Chappy let me be mod here Please.
Another winning day
Squeezed out a small gain today
The stock is doing well again today.
I saw you board, nice. :)
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Hartford Financial Services Group Inc.
One Hartford Plaza
Hartford, CT 06155
United States
http://www.thehartford.com
DETAILS |
|
BUSINESS SUMMARY |
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. |
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