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Recent Insider Activity Could Benefit Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc’s recent filing unveils that its Officer TOOKER ADIN M acquired Company’s shares for reported $0.8 million on Nov 15 ’24. In the deal valued at $117.04 per share,6,865 shares were bought.

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Then, Bennett Jonathan R bought 25,619 shares, generating $3,023,042 in total proceeds.

Before that, Soni Deepa sold 20,161 shares. Hartford Financial Services Group Inc shares valued at $2,237,089 were divested by the Executive Vice President at a price of $110.96 per share. As a result of the transaction, Soni Deepa now holds 27,365 shares, worth roughly $3.23 million.

BofA Securities downgraded its Hartford Financial Services Group Inc [HIG] rating to a Neutral from a a Buy in a research note published on October 04, 2024; the price target was increased to $121 from $113. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. Citigroup also remained covering HIG and has decreased its forecast on June 28, 2024 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen started covering the stock on January 10, 2024. It rated HIG as “an Outperform”.

Price Performance Review of HIG

On Monday, Hartford Financial Services Group Inc [NYSE:HIG] saw its stock jump 0.15% to $118.13. Over the last five days, the stock has gained 0.37%. Hartford Financial Services Group Inc shares have risen nearly 46.96% since the year began. Nevertheless, the stocks have risen 54.72% over the past one year. While a 52-week high of $123.23 was reached on 10/17/24, a 52-week low of $75.36 was recorded on 01/02/24. SMA at 50 days reached $116.53, while 200 days put it at $105.35.

Levels Of Support And Resistance For HIG Stock

The 24-hour chart illustrates a support level at 117.22, which if violated will result in even more drops to 116.30. On the upside, there is a resistance level at 118.77. A further resistance level may holdings at 119.41. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.79%. Stochastics %K at 84.24% indicates the stock is a selling.

How much short interest is there in Hartford Financial Services Group Inc?

A steep rise in short interest was recorded in Hartford Financial Services Group Inc stocks on 2024-10-31, dropping by -0.53 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.33 million shares. There was a decline of -18.93%, which implies that there is a negative sentiment for the stock.

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