Insider Selling: The Hanover Insurance Group (NYSE:THG) Director Sells $217,092.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) Director Jane Carlin sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $180.91, for a total value of $217,092.00. Following the completion of the sale, the director owned 2,423 shares of the company’s stock, valued at $438,344.93. This represents a 33.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

The Hanover Insurance Group Stock Performance

THG opened at $179.38 on Thursday. The stock’s 50 day simple moving average is $175.40 and its 200-day simple moving average is $177.34. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.31 billion, a PE ratio of 9.87 and a beta of 0.31. The Hanover Insurance Group, Inc. has a 1 year low of $147.76 and a 1 year high of $188.18.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The firm had revenue of $1.67 billion for the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. Sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a yield of 2.1%. The Hanover Insurance Group’s payout ratio is presently 20.91%.

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in shares of The Hanover Insurance Group during the third quarter worth $26,000. Community Bank N.A. acquired a new position in The Hanover Insurance Group during the 3rd quarter worth about $27,000. McMillan Office Inc. acquired a new position in The Hanover Insurance Group during the 4th quarter worth about $31,000. Entrust Financial LLC bought a new stake in The Hanover Insurance Group during the 4th quarter worth about $33,000. Finally, Clearstead Advisors LLC increased its position in The Hanover Insurance Group by 300.0% in the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on THG. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Wall Street Zen cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Royal Bank Of Canada began coverage on shares of The Hanover Insurance Group in a research note on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.60.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.