The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 4,800 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 4,800 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total transaction of $721,968.00. Following the completion of the sale, the executive vice president now owns 80,790 shares of the company’s stock, valued at $12,151,623.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock traded up $1.99 during midday trading on Tuesday, reaching $149.71. The company’s stock had a trading volume of 176,607 shares, compared to its average volume of 173,634. The Hanover Insurance Group, Inc. has a 52 week low of $112.22 and a 52 week high of $151.70. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $142.83 and a 200-day moving average price of $134.63. The stock has a market cap of $5.38 billion, a PE ratio of 33.57 and a beta of 0.69.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $1.49 billion. During the same period in the prior year, the business posted ($1.91) earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

Institutional Investors Weigh In On The Hanover Insurance Group

Several large investors have recently made changes to their positions in THG. NBC Securities Inc. grew its holdings in The Hanover Insurance Group by 221.9% during the 3rd quarter. NBC Securities Inc. now owns 589 shares of the insurance provider’s stock valued at $87,000 after buying an additional 406 shares in the last quarter. Creative Planning increased its stake in The Hanover Insurance Group by 20.8% in the 3rd quarter. Creative Planning now owns 12,718 shares of the insurance provider’s stock worth $1,884,000 after purchasing an additional 2,193 shares during the period. UMB Bank n.a. increased its stake in The Hanover Insurance Group by 35.4% in the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 109 shares during the period. CWM LLC increased its stake in shares of The Hanover Insurance Group by 14.8% during the third quarter. CWM LLC now owns 11,104 shares of the insurance provider’s stock valued at $1,645,000 after buying an additional 1,435 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of The Hanover Insurance Group by 13.2% during the third quarter. Handelsbanken Fonder AB now owns 7,737 shares of the insurance provider’s stock valued at $1,146,000 after buying an additional 900 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on THG. JMP Securities restated a “market outperform” rating and issued a $160.00 price objective on shares of The Hanover Insurance Group in a research note on Tuesday. Bank of America increased their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Finally, Piper Sandler increased their price target on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.20.

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.