Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hartford Financial Services Group Inc. shares valued at $1,847,893 were sold by Bennett Jonathan R on May 09 ’24. At $100.78 per share, Bennett Jonathan R sold 18,335 shares. The insider’s holdings dropped to 25,643 shares worth approximately $2.63 million following the completion of this transaction.
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Also, Costello Beth Ann sold 72,076 shares, netting a total of over 7,186,568 in proceeds. Following the sale of shares at $99.71 each, the insider now holds 69,169 shares.
Before that, Bennett Jonathan R had sold 8,250 shares from its account. In a trade valued at $822,772, the EVP traded Hartford Financial Services Group Inc. shares for $99.73 each. Upon closing the transaction, the insider’s holdings decreased to 8,250 shares, worth approximately $2.63 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Hartford Financial Services Group Inc. [HIG] has been an Outperform and the price target has been revised to $132. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of November 16, 2023, Oppenheimer has initiated its “Perform” rating for HIG. Earlier on October 05, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for HIG stock.
Analyzing HIG Stock Performance
During the last five days, there has been a surge of approximately 1.76%. Over the course of the year, Hartford Financial Services Group Inc. shares have jumped approximately 27.37%. Shares of the company reached a 52-week high of $103.64 on 04/08/24 and a 52-week low of $80.63 on 01/02/24. A 50-day SMA is recorded $99.94, while a 200-day SMA reached $84.37. Nevertheless, trading volume fell to 1.88 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Hartford Financial Services Group Inc. (HIG)
According to the 24-hour chart, there is a support level at 101.87, which, if violated, would cause prices to drop to 101.35. In the upper region, resistance lies at 102.82. The next price resistance is at 103.25. RSI (Relative Strength Index) is 59.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 16.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
