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 company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 49,078 shares in the company, valued at $8,097,870. This represents a 0.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hanover Insurance Group Stock Performance

Shares of The Hanover Insurance Group stock opened at $164.27 on Friday. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 16.30 and a beta of 0.70. The Hanover Insurance Group, Inc. has a twelve month low of $119.36 and a twelve month high of $165.27. The company’s fifty day moving average is $153.40 and its 200 day moving average is $140.27. 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 Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.85 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.07%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 33.73%.

Institutional Trading of The Hanover Insurance Group

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of The Hanover Insurance Group by 344.5% during the third quarter. Tidal Investments LLC now owns 7,254 shares of the insurance provider’s stock worth $1,074,000 after acquiring an additional 5,622 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the 3rd quarter valued at about $30,000. Sanctuary Advisors LLC increased its holdings in The Hanover Insurance Group by 35.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,013 shares of the insurance provider’s stock worth $656,000 after purchasing an additional 1,040 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of The Hanover Insurance Group by 15.9% in the third quarter. TD Private Client Wealth LLC now owns 1,174 shares of the insurance provider’s stock valued at $174,000 after purchasing an additional 161 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 2.6% during the third quarter. Geode Capital Management LLC now owns 660,272 shares of the insurance provider’s stock valued at $97,816,000 after buying an additional 16,800 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Bank of America upped their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Oppenheimer boosted their price objective on shares of 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 raised 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 report on Friday, November 1st. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.83.

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.