Insider Selling: The Hanover Insurance Group (NYSE:THG) EVP Sells 1,062 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Denise Lowsley sold 1,062 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $188.43, for a total value of $200,112.66. Following the completion of the transaction, the executive vice president owned 3,883 shares of the company’s stock, valued at $731,673.69. This represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

The Hanover Insurance Group Stock Up 0.4%

Shares of THG traded up $0.70 on Monday, hitting $189.84. The company’s stock had a trading volume of 264,823 shares, compared to its average volume of 332,345. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $177.00 and its 200-day moving average price is $177.30. The Hanover Insurance Group, Inc. has a fifty-two week low of $160.70 and a fifty-two week high of $191.66. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 9.55 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $3.87 EPS. The Hanover Insurance Group’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that The Hanover Insurance Group, Inc. will post 18.45 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio is 19.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on THG shares. Royal Bank Of Canada upped their price target on The Hanover Insurance Group from $190.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Wall Street Zen downgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley set a $195.00 price target on The Hanover Insurance Group in a research report on Friday, May 1st. Citizens Jmp upped their price target on The Hanover Insurance Group from $200.00 to $205.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 30th. Finally, Piper Sandler upped their price target on The Hanover Insurance Group from $204.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.60.

Institutional Investors Weigh In On The Hanover Insurance Group

Large investors have recently made changes to their positions in the stock. JPL Wealth Management LLC acquired a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $26,000. Community Bank N.A. acquired a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $27,000. McMillan Office Inc. acquired a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at approximately $31,000. Entrust Financial LLC acquired a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of 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 buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

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.