Stocks of Hartford Financial Services Group (The) (NYSE:HIG) rallied by 0.53% during the past week but lost 2.22% on a 4-week basis. The company has outperformed the S&P 500 by 1.73% in the past week but underperformed the index by 3.11% in the last 4 weeks.
Hartford Financial Services Group (The) (NYSE:HIG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.02 and $43.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.00, notching a gain of 0.41% for the day. The total traded volume was 3,944,672 . The stock had closed at $43.82 on the previous day.
The company shares have rallied 3.07% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $50.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $44.46 and the 200 Day Moving Average price is recorded at $43.52.
On the companys insider trading activities, Renyi Thomas A, director of Hartford Financial Services Group Inc/De, had purchased 1,965 shares on June 6, 2016. The total value of the transaction was $87,678. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Wells Fargo downgrades its rating on Hartford Financial Services Group (The) (NYSE:HIG).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 17, 2016. Currently the company Insiders own 1.23% of Hartford Financial Services Group (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 5.13% . Institutional Investors own 91.68% of Hartford Financial Services Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of 6.84%.
The Hartford Financial Services Group, Inc. (The Hartford) is an insurance and financial services holding company. The Hartford is a provider of property and casualty insurance and group life and disability products to individual and business customers in the United States of America. It is also a provider of mutual funds to investors and additionally, The Hartford manages life and annuity products. The Hartford conducts business principally in six segments, including Commercial Lines (formerly Property & Casualty Commercial), Personal Lines (formerly Consumer Markets), Property & Casualty Other Operations, Group Benefits, Mutual Funds and Talcott Resolution, as well as a Corporate category. The Hartford includes in its Corporate category the Companys debt financing and related interest expense, as well as other capital raising activities, and purchase accounting adjustments related to goodwill and other expenses not allocated to other segments.