Hanover Insurance Group Inc (THG) Insider Mark Joseph Welzenbach Sells 2,216 Shares

Hanover Insurance Group Inc (NYSE:THG) insider Mark Joseph Welzenbach sold 2,216 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $115.24, for a total transaction of $255,371.84. Following the completion of the sale, the insider now directly owns 17,559 shares in the company, valued at approximately $2,023,499.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mark Joseph Welzenbach also recently made the following trade(s):

  • On Friday, February 1st, Mark Joseph Welzenbach sold 7,402 shares of Hanover Insurance Group stock. The stock was sold at an average price of $113.05, for a total transaction of $836,796.10.

Shares of THG stock opened at $115.55 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.39 and a current ratio of 0.51. The firm has a market capitalization of $4.87 billion, a PE ratio of 17.02 and a beta of 0.71. Hanover Insurance Group Inc has a 12 month low of $104.59 and a 12 month high of $131.44.



Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, January 30th. The insurance provider reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.04. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Hanover Insurance Group had a net margin of 7.88% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Analysts anticipate that Hanover Insurance Group Inc will post 8 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Friday, January 25th. Stockholders of record on Thursday, January 10th were given a $4.75 dividend. This represents a dividend yield of 2.08%. The ex-dividend date of this dividend was Wednesday, January 9th. Hanover Insurance Group’s dividend payout ratio is presently 35.35%.

A number of brokerages have recently commented on THG. Zacks Investment Research lowered shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. ValuEngine lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Buckingham Research began coverage on shares of Hanover Insurance Group in a research report on Friday, December 14th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $136.50.

Several hedge funds have recently made changes to their positions in THG. Marshall Wace LLP acquired a new position in Hanover Insurance Group during the third quarter worth $29,757,000. Monarch Partners Asset Management LLC acquired a new position in Hanover Insurance Group during the third quarter worth $29,165,000. Vanguard Group Inc increased its holdings in Hanover Insurance Group by 1.7% during the third quarter. Vanguard Group Inc now owns 4,206,022 shares of the insurance provider’s stock worth $518,897,000 after buying an additional 71,869 shares during the last quarter. Vanguard Group Inc. increased its holdings in Hanover Insurance Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 4,206,022 shares of the insurance provider’s stock worth $518,897,000 after buying an additional 71,869 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Hanover Insurance Group by 5.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,267,616 shares of the insurance provider’s stock worth $148,019,000 after buying an additional 66,512 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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Insider Buying and Selling by Quarter for Hanover Insurance Group (NYSE:THG)

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