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 $2,883,132 were purchased by Bennett Jonathan R on Nov 21 ’24. At $119.66 per share, Bennett Jonathan R acquired 24,094 shares.
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Also, TOOKER ADIN M sold 6,865 shares, netting a total of over 803,479 in proceeds. Following the sale of shares at $117.04 each, the insider now holds 25,820 shares.
Before that, TOOKER ADIN M had added 6,865 shares to its account. In a trade valued at $803,479, the Officer bought Hartford Financial Services Group Inc shares for $117.04 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 drop of approximately -3.48%. Over the course of the year, Hartford Financial Services Group Inc shares have jumped approximately 33.19%. Shares of the company reached a 52-week high of $124.90 on 11/27/24 and a 52-week low of $80.63 on 01/02/24. A 50-day SMA is recorded $116.68, while a 200-day SMA reached $107.94. Nevertheless, trading volume fell to 1.62 million shares from 1.72 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 106.35, which, if violated, would cause prices to drop to 105.64. In the upper region, resistance lies at 108.27. The next price resistance is at 109.48. RSI (Relative Strength Index) is 26.96 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.74, which suggests the price will decrease in the coming days. Percent R is at 98.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
