Jeffrey M. Farber Sells 300 Shares of The Hanover Insurance Group, Inc. (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. The sale was disclosed in a filing with the SEC, which is accessible through this link.

The Hanover Insurance Group Price Performance

THG stock traded down $0.56 during trading on Thursday, hitting $149.02. 276,597 shares of the company’s stock traded hands, compared to its average volume of 174,143. The Hanover Insurance Group, Inc. has a 52 week low of $108.03 and a 52 week high of $150.95. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 33.35 and a beta of 0.70. The business has a fifty day simple moving average of $137.58 and a 200 day simple moving average of $132.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned ($1.91) EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

Institutional Trading of The Hanover Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in The Hanover Insurance Group by 75.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after buying an additional 414,993 shares during the period. Norges Bank bought a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $48,900,000. Wellington Management Group LLP lifted its holdings in shares of The Hanover Insurance Group by 149.4% in the 4th quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider’s stock worth $50,725,000 after buying an additional 250,254 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of The Hanover Insurance Group by 1,294.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 145,089 shares of the insurance provider’s stock worth $17,617,000 after purchasing an additional 134,685 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in The Hanover Insurance Group during the second quarter valued at about $14,684,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

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

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.