Skip to Content
Global News Select

Hartford Financial Services Shares Up 14% After Co. Gets Unsolicited Proposal From Chubb

   By Stephen Nakrosis 
 

Shares of Hartford Financial Services Group Inc. are trading higher on Thursday after the company said it "received an unsolicited, non-binding proposal from Chubb Ltd. to acquire The Hartford."

The company said its board is "carefully considering the proposal with the assistance of its financial and legal advisors."

At 3:44 p.m. ET, shares of The Hartford were trading 14.39% higher at $65.67 a share. Volume at the time topped 16.7 million shares, above the 65-day average volume of some 2.1 million.

Earlier in the session, the shares touched a 52-week high of $66.08.

At 3:37 p.m. ET, shares of Chubb, Ltd. were trading 2.77% lower, at $167.88. Volume at the time topped 2.7 million shares, above the 65-day average volume of some 1.6 million shares.

Earlier in the day, Chubb stock touched a 52-week high of $179.01 a share.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

March 18, 2021 16:07 ET (20:07 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.