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 $2,237,089 were sold by Soni Deepa on Nov 05 ’24. At $110.96 per share, Soni Deepa sold 20,161 shares. The insider’s holdings dropped to 27,365 shares worth approximately $3.15 million following the completion of this transaction.
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Also, Soni Deepa purchased 20,161 shares, netting a total of over 2,237,089 in proceeds.
Before that, Rodden Lori A had sold 3,855 shares from its account. In a trade valued at $428,522, the Executive Vice President traded Hartford Financial Services Group Inc shares for $111.16 each. Upon closing the transaction, the insider’s holdings decreased to 3,855 shares, worth approximately $1.28 million.
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 4.30%. Over the course of the year, Hartford Financial Services Group Inc shares have jumped approximately 43.31%. 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 $116.29, while a 200-day SMA reached $104.30. Nevertheless, trading volume fell to 1.15 million shares from 2.31 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 114.62, which, if violated, would cause prices to drop to 114.04. In the upper region, resistance lies at 115.98. The next price resistance is at 116.76. RSI (Relative Strength Index) is 49.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 57.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
