The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $1,860,960.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $155.08, for a total value of $1,860,960.00. Following the transaction, the executive vice president now directly owns 66,091 shares of the company’s stock, valued at approximately $10,249,392.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $150.23 on Thursday. The business has a 50-day simple moving average of $145.63 and a 200 day simple moving average of $135.56. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 33.68 and a beta of 0.69. 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 Hanover Insurance Group, Inc. has a one year low of $112.22 and a one year high of $155.84.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm earned ($1.91) earnings per share. The Hanover Insurance Group’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Analysts Set New Price Targets

A number of analysts have weighed in on THG shares. JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of The Hanover Insurance Group in a report on Tuesday, October 15th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America upped their target price on 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. Finally, Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $160.20.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in THG. Point72 Hong Kong Ltd acquired a new position in The Hanover Insurance Group during the 2nd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in The Hanover Insurance Group during the first quarter worth $31,000. 1620 Investment Advisors Inc. purchased a new stake in The Hanover Insurance Group in the 2nd quarter valued at $42,000. Finally, GHP Investment Advisors Inc. lifted its stake in 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 valued at $54,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.