The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 5,886 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 5,886 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $160.05, for a total value of $942,054.30. Following the transaction, the executive vice president now directly owns 60,205 shares of the company’s stock, valued at approximately $9,635,810.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Hanover Insurance Group Stock Up 1.0 %

THG opened at $164.12 on Wednesday. The business has a 50 day moving average price of $149.52 and a two-hundred day moving average price of $137.83. The Hanover Insurance Group, Inc. has a 52 week low of $113.32 and a 52 week high of $164.54. The company has a market cap of $5.91 billion, a PE ratio of 16.28 and a beta of 0.70. 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 announced its quarterly earnings data 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 Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company posted $0.19 EPS. The Hanover Insurance Group’s revenue was up 3.2% compared to the same quarter last year. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced 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%.

Institutional Trading of The Hanover Insurance Group

Several hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in The Hanover Insurance Group by 10.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock valued at $219,883,000 after acquiring an additional 143,339 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of The Hanover Insurance Group by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock valued at $147,667,000 after purchasing an additional 4,717 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of The Hanover Insurance Group by 4.3% in the second quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock valued at $100,607,000 after purchasing an additional 33,249 shares during the period. Dimensional Fund Advisors LP boosted its holdings in The Hanover Insurance Group by 4.0% during the second 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 in the last quarter. Finally, International Assets Investment Management LLC grew its position in The Hanover Insurance Group by 14,711.0% during the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock worth $81,823,000 after buying an additional 548,720 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on THG. Oppenheimer raised their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America upped their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Piper Sandler lifted their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. JMP Securities raised their price objective 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, 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $173.40.

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.