The Hanover Insurance Group, Inc. (NYSE:THG) Director Sells $252,889.32 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG traded up $0.90 during trading hours on Thursday, reaching $135.77. 42,507 shares of the stock were exchanged, compared to its average volume of 170,867. The stock’s fifty day simple moving average is $129.33 and its 200 day simple moving average is $130.82. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 30.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group, Inc. has a 52 week low of $103.82 and a 52 week high of $139.25.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting the consensus estimate of $1.88. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned ($1.91) earnings per share. Sell-side analysts predict that The Hanover Insurance Group, Inc. will post 10.53 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.50%. The ex-dividend date was Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

Analysts Set New Price Targets

Several equities analysts recently commented on THG shares. Oppenheimer raised their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JMP Securities increased their target price on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Bank of America reduced their price target on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of THG. Point72 Asset Management L.P. acquired a new stake in The Hanover Insurance Group in the second quarter valued at approximately $14,684,000. Quarry LP acquired a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at $78,000. Creative Planning grew its position in The Hanover Insurance Group by 3.1% during the 2nd quarter. Creative Planning now owns 10,525 shares of the insurance provider’s stock worth $1,320,000 after acquiring an additional 317 shares during the last quarter. Algert Global LLC bought a new position in shares of The Hanover Insurance Group during the second quarter valued at $1,138,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of The Hanover Insurance Group in the second quarter worth $2,692,000. Institutional investors own 86.61% of the company’s stock.

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.