The Hartford Announces $4.2 Billion Share Repurchase Plan
The Hartford (NYSE:HIG) has announced a new share repurchase program totaling up to $4.2 billion, with the company targeting quarterly buybacks of approximately $475 million through 2026. The initiative is part of an ongoing strategy to return value to shareholders and optimize capital allocation. During its Q2 earnings call, Chairman & CEO Christopher Swift highlighted that the firm had agreed to sell The Hartford Funds business to Wellington Management as a strategic move to monetize non-core long-term investments. This decision aligns with broader efforts to streamline operations and focus on core insurance offerings.
Tickers: $HIG
Topics: share repurchase The Hartford Funds Wellington Management