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Hartford Financial Services Group Inc. | 6.000% Non-Cumulative Preferred Stock, Series G (HIG.PRG)
Prospectus excerpt: Each of the 12,000,000 depositary shares offered hereby (the ėDepositary Sharesî) represents a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series G, $25,000 liquidation preference per share (equivalent to $25.00 per Depositary Share) (the ėSeries G Preferred Stockî) of The Hartford Financial Services Group, Inc., deposited with Computershare Inc. and Computershare Trust Company, N.A., collectively, as depositary (the ėDepositaryî). The Depositary Shares are evidenced by depositary receipts. As a holder of Depositary Shares, you are entitled to a proportional fractional interest in all rights and preferences of the Series G Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the Depositary. We will pay dividends on the Series G Preferred Stock only when, as and if declared by our board of directors (or a duly authorized committee of the board), out of funds legally available for the payment of dividends. Any such dividends will be payable on a non-cumulative basis from the date of original issue, quarterly in arrears on the 15th day of February, May, August and November of each year, commencing on February 15, 2019. Payment of dividends on the Series G Preferred Stock is subject to certain restrictions as described elsewhere in this prospectus supplement, or in the documents incorporated by reference herein. Distributions will be made in respect of the Depositary Shares if and to the extent dividends are paid on the Series G Preferred Stock. Full Prospectus PDF », Secondary Prospectus PDF », HIG Page »
Series: | G | Alternate symbology: | HIG-G, HIG-PG, HIGprG | Redeemable?: | Yes | Call Date: | 11/15/2023 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 12,000,000 | Overallotment: | 1,800,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $25.09 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $0.09 (0.36%) | Annualized Dividend: | 1.5 | Recent Ex-Date: | 4/30/2024 | Current Yield: | 5.98% | Original Coupon: | 6.00% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
Learn HIG.PRG's Rating
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Hartford Financial Services Group is a holding company. Through its subsidiaries, Co. provides property and casualty insurance, group benefits insurance and services, and mutual funds and exchange-traded products to individual and business customers in the U.S., the U.K., and other international locations. Co.'s segments include: Commercial Lines, which provides workers' compensation, property, automobile, general liability, umbrella, professional liability, bond, marine, livestock and assumed reinsurance; Personal Lines, which provides standard automobile, homeowners and personal umbrella coverages; and Hartford Funds, which provides investment products for retail and retirement accounts. Preferreds: HIG.PRA, HIG.PRG Open the HIG Information Page »
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Name: |
Hartford Financial Services Group Inc. |
Website: |
www.thehartford.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding HIG: |
116 (see which ones) |
Total Market Value Held by ETFs: |
$4,941,074,256.89 |
Total Market Capitalization: |
$28,908,000,000 |
% of Market Cap. Held by ETFs: |
17.09% |
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