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The Hartford Financial Services Group In Reports Operating Results (10-K)

February 25, 2011 | About:

The Hartford Financial Services Group In (NYSE:HIG) filed Annual Report for the period ended 2010-12-31.

Hartford Financial Svcs. has a market cap of $13.08 billion; its shares were traded at around $29.42 with a P/E ratio of 8.3 and P/S ratio of 0.6. The dividend yield of Hartford Financial Svcs. stocks is 0.7%.Hedge Fund Gurus that owns HIG: John Paulson of Paulson & Co., Larry Robbins of Glenview Capital, Richard Pzena of Pzena Investment Management LLC, David Tepper of Appaloosa Management LP, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns HIG: NWQ Managers of NWQ Investment Management Co, Richard Snow of Snow Capital Management, L.P., David Dreman of Dreman Value Management, David Williams of Columbia Value and Restructuring Fund, HOTCHKIS & WILEY of Hotchkis & Wliey Capital Management LLC, Pioneer Investments, Jeremy Grantham of GMO LLC, Diamond Hill Capital of Diamond Hill Capital Management Inc, Jean-Marie Eveillard of First Eagle Investment Management, LLC.

Highlight of Business Operations:

Common Stock, par value $0.01 per share Depositary shares, representing interests in 7.25% Mandatory Convertible Preferred Stock, Series F, par value $0.01 per share Warrants (expiring June 26, 2019) 6.10% Notes due October 1, 2041

The aggregate market value of the shares of Common Stock held by non-affiliates of the registrant as of June 30, 2010 was approximately $9.8 billion, based on the closing price of $22.13 per share of the Common Stock on the New York Stock Exchange on June 30, 2010.

The Hartford Financial Services Group, Inc. (together with its subsidiaries, The Hartford or the Company) is an insurance and financial services company. The Hartford, headquartered in Connecticut, is among the largest providers of investment products and life, property, and casualty insurance to both individual and business customers in the United States of America. Also, The Hartford continues to administer business previously sold in Japan and the United Kingdom. Hartford Fire Insurance Company, founded in 1810, is the oldest of The Hartfords subsidiaries. At December 31, 2010, total assets and total stockholders equity of The Hartford were $318.3 billion and $20.3 billion, respectively.

Standard commercial lines seeks to offer products with more coverage options and customized pricing based on the policyholders individualized risk characteristics. For small businesses, those businesses whose annual payroll is under $5 and whose revenue and property values are less than $15 each, coverages are bundled as part of a single multi-peril package policy marketed under the Spectrum name. Medium-sized businesses, companies whose payroll, revenue and property values exceed the small business definition, are served within middle market. The middle market line of business provides workers compensation, property, automobile, liability, umbrella, marine and livestock coverages. The sale of Spectrum business owners package policies and workers compensation policies accounts for the majority of the written premium in the standard commercial lines.

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Charlie Tian, Ph.D. - Founder of GuruFocus. You can now order his book Invest Like a Guru on Amazon.

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