The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 4,800 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 4,800 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total value of $721,968.00. Following the sale, the executive vice president now owns 80,790 shares in the company, valued at $12,151,623.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

The Hanover Insurance Group Price Performance

Shares of THG opened at $149.71 on Wednesday. The Hanover Insurance Group, Inc. has a twelve month low of $112.22 and a twelve month high of $151.70. The stock’s 50 day moving average is $142.83 and its two-hundred day moving average is $134.63. The firm has a market capitalization of $5.38 billion, a PE ratio of 33.57 and a beta of 0.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.88. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.91) EPS. Research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

Institutional Investors Weigh In On The Hanover Insurance Group

Several institutional investors have recently modified their holdings of THG. Point72 Hong Kong Ltd purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth approximately $25,000. Riverview Trust Co purchased a new stake in shares of The Hanover Insurance Group during the 1st quarter worth approximately $31,000. Quarry LP purchased a new stake in shares of The Hanover Insurance Group during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth approximately $42,000. Finally, GHP Investment Advisors Inc. boosted its stake in shares of The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler raised their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America raised 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. JMP Securities reissued a “market outperform” rating and set a $160.00 price target on shares of The Hanover Insurance Group in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, The Hanover Insurance Group has an average rating of “Moderate Buy” and an average price target of $160.20.

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.