Hartford Financial Services Group Inc.’s recent filing unveils that its EVP Bennett Jonathan R unloaded Company’s shares for reported $1.85 million on May 09 ’24. In the deal valued at $100.78 per share,18,335 shares were sold. As a result of this transaction, Bennett Jonathan R now holds 25,643 shares worth roughly $2.55 million.
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Then, Costello Beth Ann sold 72,076 shares, generating $7,186,568 in total proceeds. Upon selling the shares at $99.71, the EVP and CFO now owns 69,169 shares.
Before that, Bennett Jonathan R sold 8,250 shares. Hartford Financial Services Group Inc. shares valued at $822,772 were divested by the EVP at a price of $99.73 per share. As a result of the transaction, Bennett Jonathan R now holds 25,643 shares, worth roughly $2.55 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 fall -0.25% to $99.47. Over the last five days, the stock has lost -1.37%. Hartford Financial Services Group Inc. shares have risen nearly 23.75% since the year began. Nevertheless, the stocks have risen 40.81% over the past one year. While a 52-week high of $103.64 was reached on 04/08/24, a 52-week low of $68.82 was recorded on 01/02/24. SMA at 50 days reached $99.82, while 200 days put it at $86.64. A total of 1.33 million shares were traded, compared to the trading of 1.76 million shares in the previous session.
Levels Of Support And Resistance For HIG Stock
The 24-hour chart illustrates a support level at 98.70, which if violated will result in even more drops to 97.93. On the upside, there is a resistance level at 99.95. A further resistance level may holdings at 100.42. The Relative Strength Index (RSI) on the 14-day chart is 45.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.72%. Stochastics %K at 20.15% indicates the stock is a holding.
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.
