U.S. Markets closed
  • S&P Futures

    4,108.75
    -10.75 (-0.26%)
     
  • Dow Futures

    33,603.00
    -79.00 (-0.23%)
     
  • Nasdaq Futures

    13,792.75
    -36.75 (-0.27%)
     
  • Russell 2000 Futures

    2,233.30
    -5.90 (-0.26%)
     
  • Crude Oil

    59.50
    +0.18 (+0.30%)
     
  • Gold

    1,740.00
    -4.80 (-0.28%)
     
  • Silver

    25.18
    -0.15 (-0.57%)
     
  • EUR/USD

    1.1893
    -0.0011 (-0.0951%)
     
  • 10-Yr Bond

    1.6660
    +0.0340 (+2.08%)
     
  • Vix

    16.69
    -0.47 (-2.74%)
     
  • GBP/USD

    1.3689
    -0.0017 (-0.1246%)
     
  • USD/JPY

    109.5170
    -0.1330 (-0.1213%)
     
  • BTC-USD

    59,851.16
    -317.53 (-0.53%)
     
  • CMC Crypto 200

    1,278.32
    +87.63 (+7.36%)
     
  • FTSE 100

    6,915.75
    +30.43 (+0.44%)
     
  • Nikkei 225

    29,732.96
    -35.10 (-0.12%)
     

Have Insiders Been Buying The Hartford Financial Services Group, Inc. (NYSE:HIG) Shares This Year?

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Simply Wall St
·4 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell The Hartford Financial Services Group, Inc. (NYSE:HIG), you may well want to know whether insiders have been buying or selling.

Do Insider Transactions Matter?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

See our latest analysis for Hartford Financial Services Group

The Last 12 Months Of Insider Transactions At Hartford Financial Services Group

The Lead Independent Director Trevor Fetter made the biggest insider purchase in the last 12 months. That single transaction was for US$498k worth of shares at a price of US$49.80 each. That means that even when the share price was higher than US$49.61 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

While Hartford Financial Services Group insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

Hartford Financial Services Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Hartford Financial Services Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Hartford Financial Services Group insiders own about US$57m worth of shares. That equates to 0.3% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Hartford Financial Services Group Insiders?

There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Hartford Financial Services Group and their transactions don't cause us concern. Of course, the future is what matters most. So if you are interested in Hartford Financial Services Group, you should check out this free report on analyst forecasts for the company.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.