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 ($4.25 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $12.62 million, whereas, the outflow of money on downticks was $16.87 million and the ratio between the two was 0.75. The block trade had a negative net money flow of ($4.46 million). The total block trade value undertaken on upticks was $0.91 million. On the other hand, downticks amounted to $5.37 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.17. Hartford Financial Services Group (The) (HIG) closed with marginal gains of 36 cents to end the day at $43.79, an increase of 0.83% over the previous days close. The stock recorded 0.48% for the week.


The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 0.48%. Shares have dropped -4.20% 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 $44.02 and the 200 Day Moving Average price is recorded at $43.38.

Hartford Financial Services Group (The) (NYSE:HIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.16 and $43.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.80, notching a gain of 0.85% for the day. The total traded volume was 2,542,944 . The stock had closed at $43.43 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Hartford Financial Services Group Inc/De, Renyi Thomas A, had purchased 1,965 shares in a transaction dated on June 6, 2016. The transaction was executed at $44.62 per share with total amount equaling $87,678.

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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