Hartford Financial Services Group is 200 years old.Its new CEO is Liam McGee,who thinks that what the European Union and European Central Bank did to help Greece was thoroughly appropriate.Hartford's balance sheet has enough capital to withstand any reasonable stress scenario.They are seeing good top line momentum in both their consumer and commercial businesses.
It is fairly clear we are beginning to see growth,but it will be at a slow pace.Hartford has largely moved on from lower tranche investments.They're selling that lower tranche commercial real estate.Hartford's portfolio is now oriented to high grade commercial debt,Mr.McGee indicated.
As of the close of trading last Friday,Hartford was paying a dividend of 0.20 a share,for a yield of about 0.80%.The stock was up 0.91 last week and had a price to earnings ratio of 9,with a closing price of 26.21.
Hartford Financial Services Group(HIG)
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