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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
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
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
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
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
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
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
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
June 11, 2008 at 12:41 PM
A financial services giant will be spending about $1.5 billion to repurchase stock.
Hartford Financial Services Group Inc., Hartford, says it has entered into an agreement with a unit of Credit Suisse Group, Zurich, to buy back $500 million of common stock through an accelerated stock repurchase program.
Hartford will be using the cash from a recent sale of hybrid debt securities to fund the accelerated stock repurchase program.
Meanwhile, the Hartford board has approved a move to add $1 billion to the company’s stock repurchase program fund.
Hartford has used up all but $121 million of an earlier $2 billion stock repurchase allocation, the company says.
The market capitalization of Hartford’s common stock is about $22 billion.
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