The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 6,114 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the sale, the executive vice president now owns 54,091 shares in the company, valued at $8,782,214.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hanover Insurance Group Stock Up 1.0 %

Shares of THG opened at $164.12 on Wednesday. The Hanover Insurance Group, Inc. has a 1 year low of $113.32 and a 1 year high of $164.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $149.52 and a two-hundred day simple moving average of $137.83. The firm has a market cap of $5.91 billion, a P/E ratio of 16.28 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (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 firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts forecast that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.85 dividend. 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 33.73%.

Analyst Ratings Changes

Several research firms recently issued reports on THG. Bank of America lifted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Oppenheimer lifted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Finally, JMP Securities increased their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.40.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THG. Point72 Hong Kong Ltd bought a new position in shares of The Hanover Insurance Group during the second quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new position in The Hanover Insurance Group during the 3rd quarter valued at about $26,000. 1620 Investment Advisors Inc. bought a new position in The Hanover Insurance Group during the 2nd quarter valued at approximately $42,000. GHP Investment Advisors Inc. lifted its holdings in The Hanover Insurance Group by 64.9% in the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock worth $54,000 after buying an additional 168 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of The Hanover Insurance Group in the 3rd quarter worth approximately $60,000. 86.61% of the stock is currently owned by institutional investors.

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.