Shares of Hartford Financial Services Group Inc (NYSE:HIG) ended Monday session in green amid volatile trading. The shares closed up +0.24 points or 0.57% at $42.04 with 3.70 million shares getting traded. Post opening the session at $42.01, the shares hit an intraday low of $41.79 and an intraday high of $42.25 and the price vacillated in this range throughout the day. The company has a market cap of $16.09 billion and the numbers of outstanding shares have been calculated to be 387.92 million shares.
Hartford Financial Services Group Inc (HIG) operates through six segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution. Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, marine and livestock coverages to businesses, throughout the United States. Personal Lines segment provides automobile, homeowners and personal umbrella coverages to individuals across the United States. Property & Casualty Other Operations segment includes certain property and casualty operations, which are managed by the Company. Group Benefits segment provides group life, accident and disability coverage, group retiree health and voluntary benefits to members of employer groups, associations and affinity groups. Mutual Funds segment provides investment management, administration, distribution and related services to investors through investment products.
Shares of MGIC Investment Corp. (NYSE:MTG) ended Monday session in green amid volatile trading. The shares closed up +0.06 points or 0.75% at $8.02 with 3.64 million shares getting traded. Post opening the session at $8.01, the shares hit an intraday low of $7.96 and an intraday high of $8.09 and the price vacillated in this range throughout the day. The company has a market cap of $2.71 billion and the numbers of outstanding shares have been calculated to be 340.64 million shares.
On Aug. 29, 2016 Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (MTG), mourns the loss of William H. Lacy, retired chairman and chief executive officer (CEO), who passed away on August 28, 2016 of respiratory failure.
On behalf of MGIC, non-executive chairman Curt Culver said:
“It is with great sadness that we announce the passing of my friend and colleague, Bill Lacy. His thoughtful leadership saw MGIC through tremendous changes, and helped shape the company into the industry leader that it remains to this day. On behalf of our Board of Directors, executive management team and employees, we mourn his loss and extend our deepest sympathies to his family.”
Mr. Lacy’s distinguished career with MGIC spanned 28 years, and he was admired and respected for his tenacity and drive. He was appointed president and CEO in 1987. Under his leadership, MGIC emphasized quality underwriting and outstanding customer service which resulted in strong growth in sales and long-term profits.