Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $22,651.51 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 151 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $150.01, for a total transaction of $22,651.51. Following the sale, the executive vice president now owns 85,590 shares of the company’s stock, valued at approximately $12,839,355.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

The Hanover Insurance Group Price Performance

NYSE THG opened at $154.91 on Friday. The Hanover Insurance Group, Inc. has a fifty-two week low of $112.22 and a fifty-two week high of $154.94. The stock’s 50-day moving average is $144.06 and its two-hundred day moving average is $134.98. The firm has a market cap of $5.57 billion, a P/E ratio of 34.73 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 (NYSE:THG) last issued 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 Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business earned ($1.91) EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s payout ratio is 76.23%.

Wall Street Analysts Forecast Growth

THG has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target 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. Piper Sandler boosted their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note 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 research note on Thursday, October 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 price target on shares of The Hanover Insurance Group in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.20.

Institutional Trading of The Hanover Insurance Group

Several large investors have recently modified their holdings of THG. Vanguard Group Inc. lifted its position in The Hanover Insurance Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider’s stock worth $439,998,000 after acquiring an additional 13,030 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of The Hanover Insurance Group by 5.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock worth $168,247,000 after purchasing an additional 70,161 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in The Hanover Insurance Group by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider’s stock valued at $137,377,000 after purchasing an additional 16,040 shares during the period. American Century Companies Inc. grew its holdings in The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock valued at $100,607,000 after buying an additional 33,249 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in The Hanover Insurance Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock worth $100,111,000 after buying an additional 30,536 shares during the period. 86.61% of the stock is 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.