The Hartford Board Authorizes New $3B Buyback Program
Portfolio Pulse from Benzinga Newsdesk
The Hartford Financial Services Group, Inc. (HIG) has announced that its Board of Directors has authorized a new $3 billion share repurchase program. This move is expected to enhance shareholder value and reflects the company's strong financial position.
July 25, 2024 | 8:26 pm
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The Hartford Financial Services Group, Inc. (HIG) has announced a new $3 billion share repurchase program. This move is expected to enhance shareholder value and reflects the company's strong financial position.
Share buyback programs typically indicate that a company believes its stock is undervalued and is confident in its financial health. This $3 billion buyback program by HIG is likely to boost investor confidence and support the stock price in the short term.
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