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HIG Shares Experience Decline in Value

NUE

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hartford Financial Services Group Inc shares valued at $3,023,042 were purchased by Bennett Jonathan R on Nov 11 ’24. At $118.00 per share, Bennett Jonathan R acquired 25,619 shares.

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Also, Soni Deepa sold 20,161 shares, netting a total of over 2,237,089 in proceeds. Following the sale of shares at $110.96 each, the insider now holds 27,365 shares.

Before that, Soni Deepa had added 20,161 shares to its account. In a trade valued at $2,237,089, the Officer bought Hartford Financial Services Group Inc shares for $110.96 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 1.08%. Over the course of the year, Hartford Financial Services Group Inc shares have jumped approximately 44.85%. 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 $116.44, while a 200-day SMA reached $105.06. Nevertheless, trading volume fell to 1.24 million shares from 1.13 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 115.79, which, if violated, would cause prices to drop to 115.16. In the upper region, resistance lies at 117.34. The next price resistance is at 118.26. RSI (Relative Strength Index) is 51.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.00, which suggests the price will increase in the coming days. Percent R is at 27.70%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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