Home > Boards > US Listed > Banking and Finance > HARTFORD FIN SVC (HIG)

Hartford Financial Sees '10 EPS $2.60-$2.90 After TARP Repayment

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
califax  Member Profile
 
Followed By 24
Posts 3,088
Boards Moderated 0
Alias Born 01/18/09
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/11/2019 4:16:20 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/7/2019 4:57:37 PM
The Hartford Partners With Mimecast To Help Businesses Reduce The Risk Of A Cyber Incident Business Wire - 5/29/2019 8:55:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/23/2019 8:05:58 AM
The Hartford Closes Acquisition Of Navigators Business Wire - 5/23/2019 8:00:00 AM
Post-effective Amendment to an Automatic Shelf Registration of Form S-3asr or Form F-3asr (posasr) Edgar (US Regulatory) - 5/21/2019 6:06:08 AM
Kontoor Brands and Arrowhead Pharmaceuticals Set to Join S&P SmallCap 600 PR Newswire (US) - 5/20/2019 5:56:00 PM
Automatic Shelf Registration Statement of Securities of Well-known Seasoned Issuers (s-3asr) Edgar (US Regulatory) - 5/17/2019 5:33:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/17/2019 4:25:21 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/16/2019 4:19:44 PM
The Hartford Declares Quarterly Dividend Of $0.30 Per Share Of Common Stock Business Wire - 5/16/2019 4:15:00 PM
The Hartford Receives All Required Regulatory Approvals For Acquisition Of Navigators Business Wire - 5/16/2019 11:00:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/15/2019 5:03:42 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/13/2019 4:46:01 PM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 5/8/2019 4:40:42 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/2/2019 6:18:09 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/1/2019 4:35:09 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/1/2019 4:27:23 PM
The Hartford Announces First Quarter 2019 Income From Continuing Operations, Net of Tax, Available To Common Stockholders Ros... Business Wire - 5/1/2019 4:14:00 PM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 5/1/2019 10:43:29 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/8/2019 4:11:09 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 4/4/2019 4:39:04 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/3/2019 5:08:54 PM
The Buck Is Back: The Hartford’s Iconic Symbol Returns In New Marketing Campaign Business Wire - 3/28/2019 11:02:00 AM
The Hartford Named A Best Place To Work For LGBTQ Equality For 11th Year Business Wire - 3/28/2019 9:00:00 AM
califax   Thursday, 04/01/10 12:34:48 PM
Re: None
Post # of 400 
Hartford Financial Sees '10 EPS $2.60-$2.90 After TARP Repayment

4-1-10 12:13 PM EDT
http://news.morningstar.com/newsnet/ViewNews.aspx?article=/DJ/201004011213DOWJONESDJONLINE000560_univ.xml

Hartford Financial Services Group Inc. (HIG) said it estimates earnings per share for 2010 of $2.60 to $2.90 after taking into account the impact of repaying federal aid.
This estimate includes the impact of the dilution in the life and property insurer's shares as a result of its equity raising to repay the federal funds and other charges related to the repayment, said Christopher Swift, Hartford's chief financial officer, during a Webcast Thursday of the company's annual day.

The company said there was no change in guidance on core earnings, which it estimated in February at $3.70 to $4 a share for 2010.

Hartford also said it expects a total company return on equity of 11% by 2012.

The company said Wednesday it repaid $3.4 billion to the U.S. Treasury Department that Hartford received under the Troubled Asset Relief Program.

The insurer, which has a market capitalization of about $12.7 billion, funded the repayment, in part, with net proceeds of $2.58 billion from equity and debt offerings undertaken earlier this month.

The Treasury Department continues to hold warrants to purchase about 52 million shares of Hartford's stock at an initial exercise price of $9.79 a share. Hartford confirmed Wednesday it doesn't plan to repurchase the warrants.

That price is attractive for the government. Hartford's shares recently rose 2.6% to $29.17.

-By Aparajita Saha-Bubna, Dow Jones Newswires; 617-654-6729; aparajita.saha- bubna@dowjones.com

(END) Dow Jones Newswires
04-01-101213ET
Copyright (c) 2010 Dow Jones & Company, Inc.


posts are IMHO // either news - with LINK

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist