The Hanover Insurance Group, Inc. (NYSE:THG) EVP Sells $16,500.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 100 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $165.00, for a total value of $16,500.00. Following the completion of the transaction, the executive vice president now owns 49,078 shares of the company’s stock, valued at $8,097,870. This represents a 0.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

The Hanover Insurance Group Trading Up 0.8 %

The Hanover Insurance Group stock traded up $1.31 during trading hours on Tuesday, reaching $163.04. 213,504 shares of the company’s stock were exchanged, compared to its average volume of 175,897. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $165.27. 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’s 50 day simple moving average is $152.52 and its 200 day simple moving average is $139.74. The firm has a market capitalization of $5.87 billion, a PE ratio of 16.02 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Research analysts predict that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current 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 paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 33.73%.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in THG. True Wealth Design LLC acquired a new position in The Hanover Insurance Group during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of The Hanover Insurance Group during the third quarter worth approximately $26,000. Point72 Hong Kong Ltd bought a new position in shares of The Hanover Insurance Group in the 2nd quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in The Hanover Insurance Group in the 3rd quarter valued at $30,000. Finally, 1620 Investment Advisors Inc. bought a new stake in The Hanover Insurance Group during the 2nd quarter valued at $42,000. Institutional investors own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on THG. Piper Sandler lifted their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective 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. JMP Securities lifted their target price 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. Finally, Janney Montgomery Scott cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.83.

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.