The Treasury Department reaped proceeds of about $706.3 million from the sale of warrants to purchase common shares of the Hartford Financial Services Group. The Treasury sold 52.1 million warrants at $13.70 each through a modified Dutch auction led by Deutsche Bank Securities. Aladdin Capital, Cabrera Capital Markets, Lebenthal & Co., Sanford C. Bernstein & Co. and SL Hare Capital are co-managers. Holders of the warrants, which expire June 26, 2019, can acquire Hartford Financial stock at $9.79 a share, according to Dow Jones Newswires. The deal, which is expected to close next week, completes the Treasury's investment in the company. Hartford Financial gave the Treasury the warrants after receiving about $3.4 billion in June 2009 as part of the Troubled Asset Relief Program. The Connecticut-based insurance firm repaid the funds earlier this year. On Friday, the Treasury sold about 13 million warrants to purchase common stock of Lincoln National Corp. The third insurer that received funds from TARP, American International Group (LNC), still owes about $49 billion it received and Reuters reports AIG is in talks with the federal agency to convert preferred stock to common shares that can be sold after the insurer divests some assets and repays Federal Reserve loans. Write to Jason Philyaw.