Item 5. MARKET FOR THE HARTFORD’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR THE HARTFORD’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Hartford’s common stock is traded on the New York Stock Exchange (“NYSE”) under the trading symbol “HIG”. As of February 19, 2020, the Company had approximately 10,525 registered holders of record of the Company's common stock. A substantially greater number of holders of our common stock are “street name” holders or beneficial holders, whose shares are held of record by banks, brokers and other financial institutions.
On June 13, 2019, the Company’s Chief Executive Officer certified to the NYSE that he is not aware of any violation by the Company of NYSE corporate governance listing standards, as required by Section 303A.12(a) of the NYSE’s Listed Company Manual.
There are various legal and regulatory limitations governing the extent to which The Hartford’s insurance subsidiaries may extend
credit, pay dividends or otherwise provide funds to The Hartford Financial Services Group, Inc. as discussed in the Liquidity Requirements and Sources of Capital section of Part II, Item 7, MD&A — Capital Resources and Liquidity.
For information related to securities authorized for issuance under equity compensation plans, see Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
In February, 2019, the Company announced a 1.0 billion share repurchase authorization by the Board of Directors which is effective through December 31, 2020. Any repurchase of shares under the equity repurchase program is dependent on market conditions and other factors.
| Repurchases of Common Stock by the Issuer for the Three Months Ended December 31, 2019 | ||||||||||
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs | ||||||
| (in millions) | ||||||||||
| October 1, 2019 - October 31, 2019 | 608,005 | $ | 58.32 | 608,005 | $ | 874 | ||||
| November 1, 2019 - November 30, 2019 | 214,357 | $ | 60.93 | 214,357 | $ | 861 | ||||
| December 1, 2019 - December 31, 2019 | 1,008,914 | $ | 60.89 | 1,008,914 | $ | 800 | ||||
| Total | 1,831,276 | $ | 60.04 | 1,831,276 |
Total Return to Stockholders
The following tables present The Hartford’s annual return percentage and five-year total return on its common stock including reinvestment of dividends in comparison to the S&P 500 and the S&P Insurance Composite Index.
| Annual Return Percentage | ||||||||||
| For the years ended | ||||||||||
| Company/Index | 2015 | 2016 | 2017 | 2018 | 2019 | |||||
| The Hartford Financial Services Group, Inc. | 6.13 | % | 11.81 | % | 20.25 | % | (19.24 | )% | 39.71 | % |
| S&P 500 Index | 1.38 | % | 11.96 | % | 21.83 | % | (4.38 | )% | 31.49 | % |
| S&P Insurance Composite Index | 2.33 | % | 17.58 | % | 16.19 | % | (11.21 | )% | 29.38 | % |
Part II - Item 5. Market for the Hartford's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
| Cumulative Five-Year Total Return | |||||||||||||
| Base | |||||||||||||
| Period | For the years ended | ||||||||||||
| Company/Index | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |||||||
| The Hartford Financial Services Group, Inc. | $ | 100 | 106.13 | 118.66 | 142.68 | 115.23 | 161.00 | ||||||
| S&P 500 Index | $ | 100 | 101.38 | 113.51 | 138.29 | 132.23 | 173.86 | ||||||
| S&P Insurance Composite Index | $ | 100 | 102.33 | 120.32 | 139.80 | 124.13 | 160.60 |

Part II - Item 6. Selected Financial Data
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