Incorrect string literal escaping

When I execute the following queries

CREATE TABLE t_hive (f1 STRING);
INSERT INTO t_hive VALUES ('Cooper\'s');
SELECT * FROM t_hive;

via the Hive shell or through HiveServer2 directly (via impyla), I would expect that the result to be

Cooper's

but instead I actually get

Cooper\'s

Actually, I'm not sure how that INSERT query is not even a syntax error.