Shares of Hartford Financial Services Group (The) (HIG) Sees Large Outflow of Money

Hartford Financial Services Group (The) (HIG): The stock had negative money flow to the tune of ($1.45 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $11.28 million, whereas, the outflow of money on downticks was $12.72 million and the ratio between the two was 0.89. The block trade had a negative net money flow of ($2.38 million). The total block trade value undertaken on upticks was $1.2 million. On the other hand, downticks amounted to $3.58 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.33. Hartford Financial Services Group (The) (HIG) closed with marginal gains of 58 cents to end the day at $40.71, an increase of 1.43% over the previous days close. The stock recorded 2.09% for the week.


Also, In the latest statement by the brokerage house, Atlantic Equities downgrades its outlook on Hartford Financial Services Group (The) (NYSE:HIG). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on August 10, 2016.

Shares of The Hartford Financial Services Group, Inc. rose by 2.02% in the last five trading days and 2.3% for the last 4 weeks. The Hartford Financial Services Group, Inc. has dropped 9.31% during the last 3-month period . Year-to-Date the stock performance stands at -4.92%.

Hartford Financial Services Group (The) (NYSE:HIG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.12 and $40.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.93, notching a gain of 1.99% for the day. The total traded volume was 4,057,261 . The stock had closed at $40.13 on the previous day.

In a related news, Renyi Thomas A, director of Hartford Financial Services Group Inc/De had purchased 1,965 shares on June 6, 2016 in a transaction. The price per share was $44.62 and the total amount of the disclosed transaction was $87,678.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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