The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 151 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 151 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $150.01, for a total transaction of $22,651.51. Following the sale, the executive vice president now owns 85,590 shares in the company, valued at $12,839,355.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG opened at $150.54 on Thursday. The Hanover Insurance Group, Inc. has a 52-week low of $112.22 and a 52-week high of $151.89. The company has a market cap of $5.41 billion, a P/E ratio of 33.75 and a beta of 0.69. The firm’s fifty day moving average is $143.21 and its two-hundred day moving average is $134.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted ($1.91) EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that The Hanover Insurance Group, Inc. will post 10.99 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.26%. The Hanover Insurance Group’s payout ratio is currently 76.23%.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bar Harbor Wealth Management purchased a new position in shares of The Hanover Insurance Group in the 3rd quarter worth $219,000. nVerses Capital LLC boosted its stake in shares of The Hanover Insurance Group by 1,800.0% during the 3rd quarter. nVerses Capital LLC now owns 1,900 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 1,800 shares during the period. Hunter Perkins Capital Management LLC boosted its stake in shares of The Hanover Insurance Group by 3.7% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 12,610 shares of the insurance provider’s stock worth $1,868,000 after purchasing an additional 445 shares during the period. NBC Securities Inc. boosted its stake in shares of The Hanover Insurance Group by 221.9% during the 3rd quarter. NBC Securities Inc. now owns 589 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 406 shares during the period. Finally, Creative Planning boosted its stake in shares of The Hanover Insurance Group by 20.8% during the 3rd quarter. Creative Planning now owns 12,718 shares of the insurance provider’s stock worth $1,884,000 after purchasing an additional 2,193 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Piper Sandler lifted their price target on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and issued a $160.00 price target on shares of The Hanover Insurance Group in a report on Tuesday. Finally, Bank of America lifted their price target 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.20.

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.