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 on Friday, November 22nd. The stock was sold at an average price of $165.00, for a total transaction of $16,500.00. Following the transaction, the executive vice president now owns 49,078 shares of the company’s stock, valued at approximately $8,097,870. The trade was a 0.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $164.27 on Friday. The company has a market cap of $5.92 billion, a PE ratio of 16.30 and a beta of 0.70. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.36 and a fifty-two week 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 has a 50-day simple moving average of $153.40 and a 200 day simple moving average of $140.27.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results 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 Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 11.43 EPS 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. Investors of record on Friday, September 13th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 33.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on THG. Keefe, Bruyette & Woods lifted 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. Piper Sandler upped their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Oppenheimer boosted their target price on shares of 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. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target on the stock. in a research note on Thursday, November 21st. Finally, JMP Securities raised their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.83.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in The Hanover Insurance Group by 14,711.0% during the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock valued at $81,823,000 after purchasing an additional 548,720 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of The Hanover Insurance Group by 10.7% during the 3rd 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 last quarter. Point72 Asset Management L.P. bought a new position in The Hanover Insurance Group during the 2nd quarter worth approximately $14,684,000. AQR Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 116.7% during the second quarter. AQR Capital Management LLC now owns 114,643 shares of the insurance provider’s stock worth $14,150,000 after buying an additional 61,738 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of The Hanover Insurance Group during the 2nd quarter worth approximately $4,284,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

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.