The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $1,219,476.68 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Richard W. Lavey sold 8,468 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $144.01, for a total value of $1,219,476.68. Following the completion of the transaction, the executive vice president now owns 36,281 shares in the company, valued at approximately $5,224,826.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Hanover Insurance Group Trading Up 0.1 %

NYSE THG opened at $147.30 on Thursday. The business’s fifty day moving average is $133.23 and its 200-day moving average is $131.45. 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 stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 33.03 and a beta of 0.68. The Hanover Insurance Group, Inc. has a one year low of $103.82 and a one year high of $149.25.

The Hanover Insurance Group (NYSE:THG) last announced 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 net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted ($1.91) earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts predict that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

Analyst Ratings Changes

A number of equities research analysts recently commented on THG shares. Piper Sandler increased their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. JMP Securities boosted their price target on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. Finally, Bank of America decreased their price objective on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.80.

Institutional Trading of The Hanover Insurance Group

Several hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama raised its stake in The Hanover Insurance Group by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 44,790 shares of the insurance provider’s stock valued at $5,438,000 after acquiring an additional 147 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of The Hanover Insurance Group by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 340,725 shares of the insurance provider’s stock valued at $41,371,000 after buying an additional 10,408 shares in the last quarter. Principal Securities Inc. bought a new position in The Hanover Insurance Group in the 4th quarter worth approximately $91,000. Access Investment Management LLC purchased a new position in shares of The Hanover Insurance Group in the fourth quarter valued at $258,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of The Hanover Insurance Group by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider’s stock valued at $92,374,000 after purchasing an additional 14,609 shares during the period. 86.61% of the stock is currently owned by institutional investors.

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.