{"id":402354,"date":"2020-12-17T16:18:31","date_gmt":"2020-12-17T21:18:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402354"},"modified":"2020-12-17T16:18:31","modified_gmt":"2020-12-17T21:18:31","slug":"the-hartford-announces-1-5-billion-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-hartford-announces-1-5-billion-share-repurchase-authorization\/","title":{"rendered":"The Hartford Announces $1.5 Billion Share Repurchase Authorization"},"content":{"rendered":"

<\/p>\n

The Hartford Announces $1.5 Billion Share Repurchase Authorization<\/b><\/p>\n

HARTFORD, Conn.–(BUSINESS WIRE<\/a>)–The Hartford<\/a>\u2019s (NYSE: HIG) Board of Directors authorized a $1.5 billion share repurchase program, effective from Jan. 1, 2021, through Dec. 31, 2022. The company expects to commence this program after it reports fourth quarter earnings.\n<\/p>\n

\nThe authorization permits purchases of common stock as well as any other securities convertible into or exchangeable for the company\u2019s common stock. Repurchases may be made in the open market through derivative, accelerated repurchase and other privately negotiated transactions, and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The timing of any future repurchases will be dependent upon several factors, including the market price of the company’s securities, the company’s capital position, consideration of the effect of any repurchases on the company’s financial strength or credit ratings, and other considerations. The repurchase program may be modified, extended or terminated by the Board of Directors at any time.\n<\/p>\n

About The Hartford<\/b><\/p>\n

\nThe Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https:\/\/www.thehartford.com<\/a>. Follow us on Twitter at @TheHartford_PR<\/a>.\n<\/p>\n

\nThe Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford\u2019s legal notice<\/a>.\n<\/p>\n

\nHIG-F\n<\/p>\n

\nSome 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 2019 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, 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.\n<\/p>\n

\nFrom time to time, The Hartford may use its website and\/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https:\/\/ir.thehartford.com<\/a>, Twitter account at www.twitter.com\/TheHartford_PR<\/a> and Facebook at https:\/\/facebook.com\/thehartford<\/a>. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the \u201cEmail Alerts\u201d section at https:\/\/ir.thehartford.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217006110\/en\/<\/a><\/span><\/p>\n

Media Contacts:
\n<\/b>
Michelle Loxton
\n
860-547-7413
\n
michelle.loxton@thehartford.com
\n<\/a><\/p>\n

Matthew Sturdevant
\n
860-547-8664
\n
matthew.sturdevant@thehartford.com
\n<\/a><\/p>\n

Investor Contact:
\n<\/b>
Susan Spivak Bernstein
\n
860-547-6233
\n
susan.spivak@thehartford.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Connecticut<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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The Hartford Announces $1.5 Billion Share Repurchase Authorization HARTFORD, Conn.–(BUSINESS WIRE)–The Hartford\u2019s (NYSE: HIG) Board of Directors authorized a $1.5 billion share repurchase program, effective from Jan. 1, 2021, through Dec. 31, 2022. The company expects to commence this program after it reports fourth quarter earnings. The authorization permits purchases of common stock as well as any other securities convertible into or exchangeable for the company\u2019s common stock. Repurchases may be made in the open market through derivative, accelerated repurchase and other privately negotiated transactions, and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The timing of any future repurchases will be dependent upon several factors, including the market price of … <\/p>\n

Continue reading “The Hartford Announces $1.5 Billion Share Repurchase Authorization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402354","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Hartford Announces $1.5 Billion Share Repurchase Authorization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-hartford-announces-1-5-billion-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Hartford Announces $1.5 Billion Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Hartford Announces $1.5 Billion Share Repurchase Authorization HARTFORD, Conn.–(BUSINESS WIRE)–The Hartford\u2019s (NYSE: HIG) Board of Directors authorized a $1.5 billion share repurchase program, effective from Jan. 1, 2021, through Dec. 31, 2022. The company expects to commence this program after it reports fourth quarter earnings. The authorization permits purchases of common stock as well as any other securities convertible into or exchangeable for the company\u2019s common stock. Repurchases may be made in the open market through derivative, accelerated repurchase and other privately negotiated transactions, and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. 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