The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $1.35 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 a research note from BofA Securities on October 04, 2024, Hartford Financial Services Group Inc. [HIG] has been rated down from a Buy to a Neutral and the price target has been revised to $121 from $113. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of June 28, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for HIG. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “an Outperform” for HIG stock.
Analyzing HIG Stock Performance
During the last five days, there has been a surge of approximately 5.18%. Over the course of the year, Hartford Financial Services Group Inc. shares have jumped approximately 52.19%. Shares of the company reached a 52-week high of $123.23 on 10/17/24 and a 52-week low of $80.63 on 01/02/24. A 50-day SMA is recorded $114.89, while a 200-day SMA reached $101.90. Nevertheless, trading volume fell to 2.37 million shares from 1.22 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 121.24, which, if violated, would cause prices to drop to 120.16. In the upper region, resistance lies at 123.32. The next price resistance is at 124.32. RSI (Relative Strength Index) is 71.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.54, which suggests the price will increase in the coming days. Percent R is at 9.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
