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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 20, 2003 at 08:00 PM
NU Online News Service, May 20, 2003, 10:37 a.m. EDT – Hartford Financial Services Group Inc., Hartford, says it has succeeded with three previously announced public offerings.
Together, the three offerings raised a total of $1.95 billion, the company says.
Hartford brought in $1.1 billion by issuing 24.2 million shares of common stock priced at $45.50 per share.
Hartford’s stock was selling for about $50 per share earlier this year, then fell to $31.64 in March. Since then, the price has climbed back up to about $45.
Hartford also borrowed $250 million by issuing three-year notes and raised another $600 million by selling units that combine a debt security with a stock purchase contract.
Hartford will be using $150 million of the net proceeds for its life operations and the rest for its property-casualty operations, the company says.
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