Large Inflow of Money Detected in Hartford Financial Services Group (The)

Hartford Financial Services Group (The) (HIG) stock had a bullish inflow of $12.06 million worth of trades on uptick and an outflow of $9.48 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.27. The net money flow into the stock was $2.58 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.93 million. $2.93 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Hartford Financial Services Group (The) (HIG) stock traded down $0.1 , and reached $43.66, a drop of -0.23% over the previous day. On a weekly basis, the stock is -0.21%, over the previous weeks close.


Also, In the latest statement by the brokerage house, Wells Fargo downgrades its outlook on Hartford Financial Services Group (The) (NYSE:HIG). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on May 17, 2016.

Hartford Financial Services Group (The) (NYSE:HIG): The stock opened at $43.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.91 for the day. The stock traded down to $43.58 during the day, due to lack of any buying support eventually closed down at $43.73 with a loss of -0.07% for the day. The stock had closed at $43.76 on the previous day. The total traded volume was 2,304,321 shares.

The stock has recorded a 20-day Moving Average of 0.68% and the 50-Day Moving Average is 0.61%. In a related news, Renyi Thomas A, director of Hartford Financial Services Group Inc/De, executed a transaction worth $87,678 on June 6, 2016. A total of 1,965 shares were purchased at an average price of $44.62. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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