Hartford Financial Services Group Inc.’s filing revealed that its EVP FISHER MICHAEL R unloaded Company’s shares for reported $2.67 million on Mar 13 ’24. In the deal valued at $98.90 per share,27,004 shares were sold. As a result of this transaction, FISHER MICHAEL R now holds 18,906 shares worth roughly $1.85 million.
Then, Niderno Allison G sold 1,516 shares, generating $143,333 in total proceeds. Upon selling the shares at $94.55, the SVP & Controller now owns 630 shares.
Before that, FISHER MICHAEL R sold 4,088 shares. Hartford Financial Services Group Inc. shares valued at $388,605 were divested by the EVP at a price of $95.06 per share. As a result of the transaction, FISHER MICHAEL R now holds 10,081 shares, worth roughly $0.99 million.
TD Cowen initiated its Hartford Financial Services Group Inc. [HIG] rating to an Outperform in a research note published on January 10, 2024; the price target was $132. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. Oppenheimer began covering HIG with “Perform” recommendation on November 16, 2023. Deutsche Bank started covering the stock on October 05, 2023. It rated HIG as “a Hold”.
Price Performance Review of HIG
On Friday, Hartford Financial Services Group Inc. [NYSE:HIG] saw its stock jump 0.45% to $97.78. Over the last five days, the stock has lost -5.29%. Hartford Financial Services Group Inc. shares have risen nearly 21.65% since the year began. Nevertheless, the stocks have risen 38.03% over the past one year. While a 52-week high of $103.64 was reached on 04/08/24, a 52-week low of $67.01 was recorded on 01/02/24. SMA at 50 days reached $96.69, while 200 days put it at $80.65. A total of 1.79 million shares were traded, compared to the trading of 1.25 million shares in the previous session.
Levels Of Support And Resistance For HIG Stock
The 24-hour chart illustrates a support level at 97.06, which if violated will result in even more drops to 96.34. On the upside, there is a resistance level at 98.51. A further resistance level may holdings at 99.25. The Relative Strength Index (RSI) on the 14-day chart is 43.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.20%. Stochastics %K at 9.70% indicates the stock is a buying.
The most recent change occurred on June 20, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $71 price target.
