The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 1,200 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 1,200 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total transaction of $180,132.00. Following the completion of the transaction, the executive vice president now directly owns 85,983 shares in the company, valued at approximately $12,906,908.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hanover Insurance Group Stock Down 1.5 %

Shares of THG opened at $146.86 on Friday. The Hanover Insurance Group, Inc. has a 1 year low of $108.03 and a 1 year high of $150.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $138.47 and a two-hundred day simple moving average of $132.64. The firm has a market cap of $5.28 billion, a P/E ratio of 32.93 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.88. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.91) EPS. On average, analysts forecast that The Hanover Insurance Group, Inc. will post 10.85 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.32%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of THG. Point72 Hong Kong Ltd bought a new position in The Hanover Insurance Group during the 2nd quarter worth approximately $25,000. Riverview Trust Co purchased a new position in shares of The Hanover Insurance Group in the first quarter worth $31,000. Quarry LP bought a new stake in The Hanover Insurance Group during the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. purchased a new stake in The Hanover Insurance Group during the 2nd quarter valued at $42,000. Finally, GHP Investment Advisors Inc. grew 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 acquiring an additional 168 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on THG shares. Piper Sandler boosted their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America cut their price objective on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Finally, JMP Securities boosted their price target on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.80.

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.