The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $942,054.30 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 5,886 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $160.05, for a total transaction of $942,054.30. Following the completion of the transaction, the executive vice president now owns 60,205 shares in the company, valued at approximately $9,635,810.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock traded up $1.49 during mid-day trading on Tuesday, hitting $164.04. 200,753 shares of the company’s stock traded hands, compared to its average volume of 175,165. The Hanover Insurance Group, Inc. has a one year low of $113.32 and a one year high of $164.54. The company has a market cap of $5.91 billion, a PE ratio of 16.13 and a beta of 0.70. The firm has a 50 day moving average price of $149.18 and a 200 day moving average price of $137.59. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, equities analysts forecast that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 33.73%.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of large investors have recently bought and sold shares of THG. BNP Paribas Financial Markets boosted its holdings in shares of The Hanover Insurance Group by 65.9% in the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock worth $1,624,000 after acquiring an additional 4,738 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in The Hanover Insurance Group by 9.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,727 shares of the insurance provider’s stock valued at $507,000 after purchasing an additional 316 shares during the last quarter. SG Americas Securities LLC boosted its position in The Hanover Insurance Group by 124.7% in the first quarter. SG Americas Securities LLC now owns 3,642 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 2,021 shares during the last quarter. Sei Investments Co. increased its stake in shares of The Hanover Insurance Group by 2.7% in the first quarter. Sei Investments Co. now owns 138,338 shares of the insurance provider’s stock worth $18,837,000 after purchasing an additional 3,689 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of The Hanover Insurance Group by 5.3% in the first quarter. Russell Investments Group Ltd. now owns 157,485 shares of the insurance provider’s stock worth $21,444,000 after purchasing an additional 7,976 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THG has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Oppenheimer raised their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised their target price on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. JMP Securities boosted their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $173.40.

The 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. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.