Hartford Financial Services Group (The) (HIG) has been under a strong bear grip, hence the stock is down -10.44% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.43% in the past 1 week. The stock has risen by 0.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.1% in the past 4 weeks.
The Hartford Financial Services Group, Inc. has dropped 10.14% during the last 3-month period . Year-to-Date the stock performance stands at -6.5%. The stock has recorded a 20-day Moving Average of 2.37% and the 50-Day Moving Average is 5.6%.
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 $40.03 and $39.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.25, notching a gain of 0.07% for the day. The total traded volume was 2,572,201 . The stock had closed at $40.22 on the previous day.
Also, Atlantic Equities downgrades its rating on Hartford Financial Services Group (The) (NYSE:HIG). Analysts at the Atlantic Equities have a current rating of Neutral on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 10, 2016.
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.