Large Outflow of Money Witnessed in Hartford Financial Services Group, Inc. (The)

Shares of Hartford Financial Services Group, Inc. (The) (HIG) advanced to $48.75. The price had gained 0.08% or 0.04 points intraday. The latest trading session witnessed $4.36 million in upticks and $10.41 million in downticks, resulting in net money flow of (-6.05) million. The up/down ratio for the day stood at 0.42. On a weekly scale, the price has seen a change of -0.37%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-5.5) million occurred during the day. $0.77 million in uptick and $6.27 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.12.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of The Hartford Financial Services Group, Inc. rose by 0.19% in the last five trading days and 1.66% for the last 4 weeks. The Hartford Financial Services Group, Inc. is up 10.35% in the last 3-month period. Year-to-Date the stock performance stands at 1.66%. Hartford Financial Services Group, Inc. (The) (NYSE:HIG) witnessed a decline in the market cap on Wednesday as its shares dropped 0.55% or 0.27 points. After the session commenced at $48.98, the stock reached the higher end at $49.1 while it hit a low of $48.26. With the volume soaring to 2,560,047 shares, the last trade was called at $48.44. The company has a 52-week high of $49.68. The company has a market cap of $18,297 million and there are 377,734,370 shares in outstanding. The 52-week low of the share price is $38.06.

Company has reported several Insider transactions to the SEC, on Nov 3, 2016, Scott R. Lewis (SVP and Controller) sold 5,868 shares at 44.16 per share price.On Aug 31, 2016, H Patrick Swygert (director) sold 7,500 shares at 40.35 per share price.On Jun 8, 2016, Thomas A Renyi (director) purchased 1,965 shares at 44.62 per share price.

Hartford Financial Services Group Inc Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $0.95. The company had revenue of $4695.00 million for the quarter, compared to analysts expectations of $4733.83 million. The companys revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hartford Financial Services Group Inc was Downgraded by Credit Suisse to Neutral on Jan 6, 2017. Company shares were Upgraded by RBC Capital Mkts on Dec 9, 2016 to Outperform, Raises Price Target to $ 54 from a previous price target of $46 .Company shares were Reiterated by MKM Partners on Dec 9, 2016 to Buy, Raises Price Target to $ 55 from a previous price target of $50 .Hartford Financial Services Group Inc was Downgraded by FBR & Co. on Nov 28, 2016 to Mkt Perform, Price Target of the shares are set at $47.Hartford Financial Services Group Inc was Downgraded by BofA/Merrill to Neutral on Nov 16, 2016.

Hartford Financial Services is one of the nations largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The company is a provider of automobile and homeowners coverages; commercial property and casualty insurance; reinsurance; and a variety of life insurance, investment products, employee benefits, group retirement plans and institutional liability funding products.


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