Pioneer Investments (Trades, Portfolio), which was founded in Boston in 1928, has an extensive portfolio that includes a wide range of holdings. Pioneer made hundreds of transactions in the third quarter, as it does in most quarters, some large, most small by comparison but representing considerable global and market diversity.
Pioneer’s most significant third-quarter transaction was its addition of 3,702,039 shares to its existing stake in Hartford Financial Services Group Inc. (NYSE:HIG), a Hartford, Conn.-based investment and insurance company. Pioneer paid an average price of $46.18 per share in a deal that had a 0.71% impact on its portfolio and raised Pioneer’s stake by more than 131%. Continue Reading »