The Hartford Reports Second Quarter 2015 Financial Results And Announces Increased Capital Management Plan
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Go back to The Hartford Reports Second Quarter 2015 Financial Results And Announces Increased Capital Management Plan
July 28, 2015 6:45 AM EDT
Piper Jaffray analyst John Nadel reiterated an Overweight rating and boosted his price target on Hartford Financial Services (NYSE: HIG) to $53.00 (from $52.00) following better-than-expected Q2 results.
Nadel commented, "HIG's 2Q15 results were excellent, in our view. Even adjusting for certain items, underlying... More
July 27, 2015 4:09 PM EDT
Hartford Financial (NYSE: HIG) reported Q2 EPS of $0.91, $0.14 better than the analyst estimate of $0.77.
Increase In and Extension of Capital Management Plan for 2014-2016
The Hartford also announced today that its board of directors approved an increase in and extension of the companys capital management plan. The current equity repurchase plan was increased by $1.6 billion and extended through Dec. 31, 2016. The debt management plan was expanded to include the repayment of $275 million of debt maturing in 2016 and extended through Dec. 31, 2016. The board of directors also declared a quarterly dividend of $0.21 per share... More
