Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells 12,000 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $155.08, for a total value of $1,860,960.00. Following the completion of the sale, the executive vice president now directly owns 66,091 shares of the company’s stock, valued at $10,249,392.28. The trade was 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 the SEC website.

The Hanover Insurance Group Price Performance

NYSE THG traded down $2.36 during trading hours on Monday, reaching $152.85. The company’s stock had a trading volume of 189,493 shares, compared to its average volume of 173,745. The Hanover Insurance Group, Inc. has a 1-year low of $112.22 and a 1-year high of $155.60. The company’s 50-day moving average is $144.51 and its two-hundred day moving average is $135.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 34.61 and a beta of 0.69.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business earned ($1.91) EPS. The Hanover Insurance Group’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.22%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of The Hanover Insurance Group in a report on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Piper Sandler boosted their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America upped their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.20.

Institutional Investors Weigh In On The Hanover Insurance Group

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of The Hanover Insurance Group by 0.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock valued at $147,667,000 after purchasing an additional 4,717 shares in the last quarter. Claro Advisors LLC grew its position in shares of The Hanover Insurance Group by 503.2% in the third quarter. Claro Advisors LLC now owns 28,919 shares of the insurance provider’s stock valued at $4,283,000 after purchasing an additional 24,125 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of The Hanover Insurance Group in the third quarter valued at approximately $26,000. Bar Harbor Wealth Management purchased a new stake in shares of The Hanover Insurance Group in the third quarter valued at approximately $219,000. Finally, nVerses Capital LLC grew its position in shares of The Hanover Insurance Group by 1,800.0% in the third quarter. nVerses Capital LLC now owns 1,900 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 1,800 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

About The Hanover Insurance Group

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.