NEW YORK, July 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Hartford (NYSE: HIG), Hancock Holding Company (NASDAQ: HBHC), Main Street Capital Corporation (NYSE: MAIN), Webster Financial Corporation (NYSE: WBS) and The Hanover Insurance Group, Inc. (NYSE: THG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4500-100free.
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The Hartford Analyst Notes
On July 1, 2014, The Hartford announced that it has successfully sold its Japanese annuity subsidiary, Hartford Life Insurance K.K. (HLIKK), to ORIX Life Insurance Corporation, a subsidiary of ORIX Corporation for $963 million, which comprised of a purchase price of $895 million and an estimated positive purchase price adjustment of $68 million. The Company estimates that the transaction will result in a net statutory capital benefit of $1.4 billion, which will provide approximately $1 billion for potential incremental capital management actions. Commenting on the development, The Hartford's CEO Christopher J. Swift said, "Completing the Japan transaction is another significant milestone in The Hartford's journey to focus on our P&C, Group Benefits and Mutual Funds businesses." The Hartford expects to post after-tax GAAP loss on discontinued operations of approximately $625 million and a U.S. life statutory surplus loss of approximately $325 million in Q2 2014. The full analyst notes on The Hartford are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/HIG/report.pdf
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Hancock Holding Company Analyst Notes
On July 1, 2014, Hancock Holding Company (Hancock) announced that it will release its Q2 2014 financial results on July 24, 2014 after the market closes. The Management will also host a conference call to review the results the next day, at 9:00 a.m. CT. A live listen-only webcast of the call will be made available on the Company's Investor Relations site. The full analyst notes on Hancock are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/HBHC/report.pdf
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Main Street Capital Corporation Analyst Notes
On July 1, 2014, Main Street Capital Corporation (Main Street) announced the amendment of its five-year credit facility (the "Credit Facility"), expanding the total commitments under the Credit Facility from $445.0 million to $502.5 million. The increase in total commitments resulted from the commitment increases by five existing lenders in the facility, and the addition of a new lender relationship, diversifying the Main Street lending group to a total of 14 participants. The amended Credit Facility also contains an upsized accordion feature, allowing for an increase in total commitments under the facility up to $600.0 million of total commitments from new and existing lenders. At present, Main Street has currently $253.0 million outstanding debt under the Credit Facility. The full analyst notes on Main Street are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/MAIN/report.pdf
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Webster Financial Corporation Analyst Notes
On July 1, 2014, Webster Financial Corporation (Webster) announced that it is providing $9.13 million in financing to Intercontinental Real Estate Corp for 2900 Eisenhower Avenue, a 60,000 square-foot building in Alexandria, Virginia. Intercontinental is leasing the building to Stratford University as the home of its new Alexandria campus. Steve Centrella, Senior Director, Acquisitions for Intercontinental Real Estate Corp, said, "We are very pleased with this transaction and the opportunity to purchase in the Alexandria sub market. Our team is confident that the purchase is a strong acquisition, and we look forward to working with Webster Bank again in the future. We look forward to more investments in Virginia on behalf of our union and public pension investors." The full analyst notes on Webster are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/WBS/report.pdf
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The Hanover Insurance Group, Inc. Analyst Notes
On June 30, 2014, The Hanover Insurance Group, Inc. (The Hanover) announced that it will release its Q2 2014 financial results on July 31, 2014, after the market closes. The Company will also host a conference call the following day to discuss its results at 10:00 a.m. ET. A live webcast of the call will be accessible through the Company's website. The full analyst notes on The Hanover are available to download free of charge at:
http://www.analystsreview.com/Jul-07-2014/THG/report.pdf
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