The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 100 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 100 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.00, for a total value of $16,500.00. Following the sale, the executive vice president now owns 49,078 shares in the company, valued at approximately $8,097,870. The trade was a 0.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $163.04 on Wednesday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 16.02 and a beta of 0.70. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $165.27. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $152.52 and a 200 day moving average of $139.74.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share 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 quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. Sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued 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 yield of 2.09%. The Hanover Insurance Group’s payout ratio is 33.73%.

Hedge Funds Weigh In On The Hanover Insurance Group

Large investors have recently bought and sold shares of the business. Boston Partners raised its holdings in The Hanover Insurance Group by 111.8% in the 1st quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after purchasing an additional 6,753 shares during the period. Interval Partners LP acquired a new position in shares of The Hanover Insurance Group during the first quarter valued at approximately $2,349,000. Markel Group Inc. raised its holdings in shares of The Hanover Insurance Group by 5.8% during the third quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock valued at $37,620,000 after acquiring an additional 14,000 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of The Hanover Insurance Group during the first quarter valued at approximately $867,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of The Hanover Insurance Group during the second quarter valued at approximately $681,000. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Ratings Changes

THG has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Bank of America boosted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Janney Montgomery Scott cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a report on Thursday, November 21st. Piper Sandler boosted their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their price objective 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $173.83.

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.