Financial Stocks To Look Out For: Ventas, Inc. (VTR), The Hartford Financial Services Group, Inc. (HIG)

Financial Stocks To Look Out For: Ventas, Inc. (VTR), The Hartford Financial Services Group, Inc. (HIG)

Financial Stocks To Look Out For: Ventas, Inc. (VTR), The Hartford Financial Services Group, Inc. (HIG)

Ventas, Inc. (VTR) ended last trading session with a change of -1.27 percent. It trades at an average volume of 1.95M shares versus 2.37M shares recorded at the end of last trading session. The share price of $59.73 is at a distance of 8.97 percent from its 52-week low and down -19.42 percent versus its peak. The company has a market cap of $21.14B and currently has 353.98M shares outstanding. The share price is currently -4.15 percent versus its SMA20, -3.01 percent versus its SMA50, and -8.16 percent versus its SMA200. The stock has a weekly performance of -4.75 percent and is -3.31 percent year-to-date as of the recent close.

On March 6, 2017 Ventas, Inc. (VTR) announced that Chairman and Chief Executive Officer Debra A. Cafaro was honored by Modern Healthcare magazine as one of the “Top 25 Women in Healthcare.” This is the third time Ms. Cafaro has been recognized by Modern Healthcare for her thought leadership in the industry.

“This honor is a reaffirmation of Ventas’s commitment to providing innovative long term capital solutions to top tier healthcare, senior living and research organizations, enabling them to fulfill their core mission of serving patients, families and communities,” said Ms. Cafaro. “Our experienced and cohesive team at Ventas is dedicated to our customers, and this recognition reflects the success of our team and our partners. As healthcare evolves and grows, Ventas remains focused on allocating capital to further innovation, efficiency and quality outcomes.”

The Hartford Financial Services Group, Inc. (HIG) recently recorded -0.32 percent change and currently at $49.56 is 29.23 percent away from its 52-week low and down -0.88 percent versus its peak. It has a past 5-day performance of 1.58 percent and trades at an average volume of 2.61M shares. The stock has a 1-month performance of 4.73 percent and is 4.49 percent year-to-date as of the recent close. There were about 366.99M shares outstanding which made its market cap $18.19B. The share price is currently 1.9 percent versus its SMA20, 2.79 percent versus its SMA50, and 11.26 percent versus its SMA200.

March 8, 2017 — A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the recently issued USD $500 million floating rate junior subordinated debentures due 2067 of The Hartford Financial Services Group, Inc. (HIG). The outlook assigned to the Credit Rating is stable.

Proceeds from the offering will be utilized to retire existing junior subordinated notes of $500 million with a coupon rate of 8.125% on its June 2018 call date. Holders of the new junior subordinated notes will receive floating rate interest of 3-month Libor plus 212.5 basis points. The notes will mature on Feb. 12, 2067. Following issuance of the new notes, The Hartford’s financial leverage and coverage metrics will remain within guidelines for the company’s Long-Term Issuer Credit Ratings.

 

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