Keeping an Eye on The Hartford Financial Services Group Inc. (HIG) After Insider Trading Activity


In a filing, The Hartford Financial Services Group Inc. revealed its EVP Stepnowski Amy unloaded Company’s shares for reported $24515.0 on Aug 07. In the deal valued at $72.96 per share,336 shares were sold. As a result of this transaction, Stepnowski Amy now holds 6,965 shares worth roughly $ 0.5 million.

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Then, Paiano Robert W sold 13,939 shares, generating $1,010,421 in total proceeds. Upon selling the shares at $72.49, the EVP & Chief Risk Officer now owns 28,323 shares.

Before that, BUSH STEPHANIE C sold 3,500 shares. The Hartford Financial Services Group Inc. shares valued at $253,389 were divested by the EVP at a price of $72.40 per share. As a result of the transaction, BUSH STEPHANIE C now holds 15,063 shares, worth roughly $1.08 million.

Morgan Stanley initiated its The Hartford Financial Services Group Inc. [HIG] rating to an Equal-weight in a research note published on Tuesday, June 20, 2023; the price target was $71. PT values the company’s stock at a premium of -1.15 to its Tuesday closing price.

Price Performance Review of HIG

On Tuesday, The Hartford Financial Services Group Inc. [NYSE:HIG] saw its stock fall -0.84% to $71.82. On the same session, the stock had its day’s lowest price of $71.67, but rose to a high of $72.64. Over the last five days, the stock has lost -0.15%. The Hartford Financial Services Group Inc. shares have fallen nearly -5.29% since the year began. Nevertheless, the stocks have risen 10.22% over the past one year. While a 52-week high of $79.44 was reached on 01/06/23, a 52-week low of $60.17 was recorded on 03/15/23. SMA at 50 days reached $72.47, while 200 days put it at $72.77. A total of 1.23 million shares were traded, compared to the trading of 0.84 million shares in the previous session.

Levels Of Support And Resistance For HIG Stock

The 24-hour chart illustrates a support level at 71.45, which if violated will result in even more drops to 71.07. On the upside, there is a resistance level at 72.42. A further resistance level may holdings at 73.01. The Relative Strength Index (RSI) on the 14-day chart is 46.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.08%. Stochastics %K at 59.68% indicates the stock is a holding.

How much short interest is there in The Hartford Financial Services Group Inc.?

A steep rise in short interest was recorded in The Hartford Financial Services Group Inc. stocks on Aug 14, 2023, growing by 0.18 million shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.7 million shares. There was a rise of 6.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.94.

The Hartford Financial Services Group Inc. [HIG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 39,511,040 shares, or roughly 12.92% of the outstanding HIG shares. In other words, the investor’s shares have fallen by -715,350 from its previous 13-F filing of 40226390.0. Additionally, T. Rowe Price Associates, Inc. decreased -11.58% of its stake after which the total value it holdings stand at $1,622,265,039, while SSgA Funds Management, Inc. reduced -0.11% of its stake to hold $1.24 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -352,335 shares of The Hartford Financial Services Group Inc., while JPMorgan Investment Management, I sold -48,990 shares. At present, Fidelity Management & Research Co is holding 10,869,295 shares valued at $781.28 million. Geode Capital Management LLC owned 6,535,478 shares of the company at the time of its most recent 13F filing, worth $469.77 million.

According to FactSet, The Hartford Financial Services Group Inc.’s share price will average $85.22 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.66 percent from its previous closing price of $72.43. Analysts expect The Hartford Financial Services Group Inc. stock to reach the higher price of $100.00, while the lowest price estimate is $75.00. However, 21 analysts have rated HIG stock as an Overweight in their predictions for 2023.


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