The Hartford Financial Services Group Inc. says it has completed its discretionary equity issuance plan.
The plan was announced on June 12, coinciding with the announcement that the insurer would receive approximately $3.4 billion from the U.S. Treasury's Capital Purchase Program (CPP). At the time, The Hartford said the stock sale would net $750 million. However, the company announced today the actual total exceeded $900 million, after selling 56,108,703 shares of common stock an average price of $16.03.
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