Hartford Insurance Group Executive VP & Chief Risk Officer Robert Paiano Sells 29% Of Holding

We wouldn't blame The Hartford Insurance Group, Inc. (NYSE:HIG) shareholders if they were a little worried about the fact that Robert Paiano, the Executive VP & Chief Risk Officer recently netted about US$1.2m selling shares at an average price of US$128. That sale reduced their total holding by 29% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Hartford Insurance Group

Notably, that recent sale by Executive VP & Chief Risk Officer Robert Paiano was not the only time they sold Hartford Insurance Group shares this year. They previously made an even bigger sale of -US$1.5m worth of shares at a price of US$111 per share. That means that an insider was selling shares at slightly below the current price (US$131). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 34% of Robert Paiano's holding.

In the last year Hartford Insurance Group insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Hartford Insurance Group

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Does Hartford Insurance Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Hartford Insurance Group insiders own 0.5% of the company, currently worth about US$181m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Hartford Insurance Group Tell Us?

Insiders haven't bought Hartford Insurance Group stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But since Hartford Insurance Group is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Hartford Insurance Group has 1 warning sign we think you should be aware of.

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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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.