Jeffrey M. Farber Sells 6,114 Shares of The Hanover Insurance Group, Inc. (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 6,114 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was 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 in the company, valued at $8,782,214.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Hanover Insurance Group Stock Performance

Shares of THG stock traded up $1.49 during trading hours on Tuesday, reaching $164.04. 200,753 shares of the company’s stock were exchanged, compared to its average volume of 175,165. The Hanover Insurance Group, Inc. has a 1 year low of $113.32 and a 1 year high of $164.54. The company has a market cap of $5.91 billion, a P/E ratio of 16.13 and a beta of 0.70. The company’s 50 day moving average is $149.18 and its two-hundred day moving average is $137.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share 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 firm 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 Hanover Insurance Group’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s payout ratio is 33.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JMP Securities upped their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Oppenheimer increased their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler increased their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Finally, Bank of America upped their price target 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.40.

Institutional Investors Weigh In On The Hanover Insurance Group

Several hedge funds have recently made changes to their positions in the business. Lecap Asset Management Ltd. boosted its holdings in shares of The Hanover Insurance Group by 2.0% during the third quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock worth $622,000 after purchasing an additional 84 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its holdings in The Hanover Insurance Group by 0.6% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock valued at $2,176,000 after buying an additional 91 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in The Hanover Insurance Group by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock valued at $303,000 after buying an additional 97 shares during the last quarter. Signaturefd LLC boosted its stake in The Hanover Insurance Group by 8.7% in the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock valued at $168,000 after acquiring an additional 107 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of The Hanover Insurance Group by 35.4% during the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock worth $62,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.