Hanover Insurance Group Inc (NYSE:THG) EVP Mark Joseph Welzenbach sold 6,507 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $138.68, for a total value of $902,390.76. Following the completion of the sale, the executive vice president now owns 19,025 shares in the company, valued at $2,638,387. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mark Joseph Welzenbach also recently made the following trade(s):
- On Thursday, February 6th, Mark Joseph Welzenbach sold 9,765 shares of Hanover Insurance Group stock. The shares were sold at an average price of $138.86, for a total transaction of $1,355,967.90.
Shares of THG opened at $137.78 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $137.80 and its two-hundred day simple moving average is $134.62. Hanover Insurance Group Inc has a 12 month low of $113.08 and a 12 month high of $144.71. The stock has a market capitalization of $5.42 billion, a P/E ratio of 13.15 and a beta of 0.52.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Hanover Insurance Group had a return on equity of 11.17% and a net margin of 8.69%. During the same period last year, the company posted $1.51 EPS. As a group, research analysts predict that Hanover Insurance Group Inc will post 8.63 EPS for the current fiscal year.
Several research analysts have issued reports on THG shares. Buckingham Research raised their price target on shares of Hanover Insurance Group from $142.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Zacks Investment Research lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, ValuEngine raised shares of Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday.
Several institutional investors have recently made changes to their positions in the stock. Alpha Windward LLC bought a new stake in Hanover Insurance Group in the fourth quarter worth approximately $25,000. Whittier Trust Co. bought a new position in shares of Hanover Insurance Group during the 3rd quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hanover Insurance Group during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its position in shares of Hanover Insurance Group by 47.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 337 shares of the insurance provider’s stock worth $46,000 after buying an additional 109 shares during the period. Finally, Pacitti Group Inc. bought a new stake in shares of Hanover Insurance Group in the 4th quarter valued at $55,000. Institutional investors own 84.68% of the company’s stock.
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 in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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