The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $992,669.04 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,782,214.76. The trade was a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

The Hanover Insurance Group Stock Down 0.3 %

Shares of NYSE THG opened at $162.13 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.84 billion, a PE ratio of 16.08 and a beta of 0.70. The company’s fifty day simple moving average is $150.14 and its 200 day simple moving average is $138.18. The Hanover Insurance Group, Inc. has a 12-month low of $115.69 and a 12-month high of $164.67.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 11.29 earnings per share 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 given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s payout ratio is currently 33.73%.

Institutional Trading of The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of The Hanover Insurance Group by 65.9% during the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock valued at $1,624,000 after buying an additional 4,738 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in The Hanover Insurance Group by 9.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,727 shares of the insurance provider’s stock valued at $507,000 after purchasing an additional 316 shares during the last quarter. SG Americas Securities LLC increased its holdings in The Hanover Insurance Group by 124.7% during the 1st quarter. SG Americas Securities LLC now owns 3,642 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 2,021 shares in the last quarter. Sei Investments Co. raised its stake in shares of The Hanover Insurance Group by 2.7% in the first quarter. Sei Investments Co. now owns 138,338 shares of the insurance provider’s stock worth $18,837,000 after purchasing an additional 3,689 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of The Hanover Insurance Group by 5.3% in the first quarter. Russell Investments Group Ltd. now owns 157,485 shares of the insurance provider’s stock valued at $21,444,000 after purchasing an additional 7,976 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

Analysts Set New Price Targets

THG has been the subject of several recent research reports. Oppenheimer increased their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America increased their target price on shares of 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. JMP Securities upped their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $173.40.

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.