Finance

What Recent Ownership Trends Suggest About The Hartford Financial Services Group, Inc. (HIG)’s Future Performance

Recent insider trends for The Hartford Financial Services Group, Inc. (NYSE:HIG) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of HIG, the data has some interesting implications for where the stock might be headed.

Institutions own 89.80% of The Hartford Financial Services Group, Inc. (HIG)’s shares. The total value of these holdings, in millions, is $18,098. Among active positions in the latest quarter, 244 holders increased their positions by a total of 18.37 million shares, 303 holders decreased the positions by a total of 24.94 million shares, and 116 holders held their positions. This works out to a net decrease in ownership of 6.57 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 66 holders initiated new positions by a total of 2.35 million shares and 50 holders exited their positions by a total of 4.77 million shares. This nets out to a decrease of 2.42 million shares and is another bearish sign for HIG.

Insider ownership increased by a total of 0 shares, which suggests that HIG’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 16 buys and 21 sells, and ownership decreased by a net of 19809 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. The Hartford Financial Services Group, Inc. (NYSE:HIG)’s short interest is 4.43 million shares, or 1.22% of the float. This represents a decrease of -4% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HIG is a Weak sell, which implies that HIG is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that The Hartford Financial Services Group, Inc. (NYSE:HIG) is overvalued.

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