Zacks Investment Research
04 Jun 2026, 16:55 UTC · 1h ago
HIG to Divest Hartford Funds to Wellington, Unlocking $1.9B Value
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Zacks Investment Research
04 Jun 2026, 16:55 UTC · 1h ago
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The Hartford Insurance Group (HIG) is selling Hartford Funds to Wellington Management in a deal with an estimated net present value of $1.9 billion. — The divestiture unlocks significant value, provides a $300 million immediate cash influx, and streamlines the company's focus on core insurance operations.
+0.60The Hartford reported first-quarter 2026 core earnings of $866 million, representing a 34% year-over-year increase. — Strong earnings growth and a high return on equity (22.5% vs 7.4% industry average) signal robust operational health.
+0.40The transaction is expected to close in the first quarter of 2027, subject to regulatory and fund approvals. — The distant closing date and requirement for regulatory approval introduce a small amount of execution risk and delay the full realization of the deal's value.
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The company is selling a business unit for an estimated $1.9 billion, simplifying its business mix and reporting strong core earnings growth.
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