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 $428,522 were sold by Rodden Lori A on Jul 31 ’24. At $111.16 per share, Rodden Lori A sold 3,855 shares. The insider’s holdings dropped to 11,072 shares worth approximately $1.29 million following the completion of this transaction.
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Also, Paiano Robert W sold 13,185 shares, netting a total of over 1,462,780 in proceeds. Following the sale of shares at $110.94 each, the insider now holds 25,071 shares.
Before that, Paiano Robert W had added 13,185 shares to its account. In a trade valued at $1,462,781, the Officer bought Hartford Financial Services Group Inc. shares for $110.94 each.
As published in their initiating research note from Barclays on September 05, 2024, Hartford Financial Services Group Inc. [HIG] has been an Equal weight and the price target has been revised to $130. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of January 10, 2024, TD Cowen has initiated its “an Outperform” rating for HIG. Earlier on January 08, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for HIG stock which previously was a “an Overweight”.
Analyzing HIG Stock Performance
During the last five days, there has been a surge of approximately 2.31%. Over the course of the year, Hartford Financial Services Group Inc. shares have jumped approximately 45.19%. Shares of the company reached a 52-week high of $117.84 on 09/18/24 and a 52-week low of $80.63 on 01/02/24. A 50-day SMA is recorded $109.72, while a 200-day SMA reached $97.94. Nevertheless, trading volume fell to 0.98 million shares from 1.25 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 116.14, which, if violated, would cause prices to drop to 115.58. In the upper region, resistance lies at 117.55. The next price resistance is at 118.40. RSI (Relative Strength Index) is 63.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 24.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
