Hartford Financial Services Group Inc (HIG) $61.57 -1.83%
Hartford Financial Group (HIG, news, chart, volatility) is seeing an increase in volume, perhaps on concerns about the company’s exposure to mortgage bonds. Last week, the company said it had increased unrealized losses of $161.1 million in July on CMBS and CRE bond holdings. Today, shares are down $1.00 to $61.72. In the options market, volume is running double the usual, with 7,800 puts and 1,700 calls traded on the session. October 55, December 45, and September 55 puts are the most actives, with almost 90 percent of today’s trade hitting on the offer.
Category: All Stocks, Insurance, Large Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
