The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $992,669.04 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 6,114 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,782,214.76. This trade represents a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Hanover Insurance Group Stock Down 0.3 %

Shares of THG opened at $162.13 on Friday. The firm has a 50 day simple moving average of $150.14 and a two-hundred day simple moving average of $138.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a one year low of $115.69 and a one year high of $164.67. The company has a market cap of $5.84 billion, a P/E ratio of 16.08 and a beta of 0.70.

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

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.10%. The Hanover Insurance Group’s payout ratio is currently 33.73%.

Institutional Investors Weigh In On The Hanover Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in THG. BNP Paribas Financial Markets grew its stake in shares of The Hanover Insurance Group by 65.9% during the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock worth $1,624,000 after buying an additional 4,738 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in The Hanover Insurance Group by 9.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,727 shares of the insurance provider’s stock worth $507,000 after purchasing an additional 316 shares in the last quarter. SG Americas Securities LLC raised 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 valued at $496,000 after purchasing an additional 2,021 shares during the last quarter. Sei Investments Co. boosted its stake in shares of The Hanover Insurance Group by 2.7% during the first quarter. Sei Investments Co. now owns 138,338 shares of the insurance provider’s stock valued at $18,837,000 after purchasing an additional 3,689 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of The Hanover Insurance Group by 5.3% during 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.