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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


(END) Dow Jones Newswires

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

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