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

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 151 shares of the stock in a transaction that occurred 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 approximately $12,839,355.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hanover Insurance Group Trading Up 0.6 %

Shares of THG stock opened at $150.54 on Thursday. The Hanover Insurance Group, Inc. has a 12-month low of $112.22 and a 12-month high of $151.89. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $143.21 and its 200 day moving average is $134.73. The stock has a market capitalization of $5.41 billion, a P/E ratio of 33.75 and a beta of 0.69.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned ($1.91) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that The Hanover Insurance Group, Inc. will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America increased 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. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of The Hanover Insurance Group in a report on Tuesday. Piper Sandler increased 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $160.20.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new position in The Hanover Insurance Group in the second quarter worth approximately $25,000. Riverview Trust Co bought a new position in The Hanover Insurance Group in the first quarter worth approximately $31,000. Quarry LP bought a new position in The Hanover Insurance Group in the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at $42,000. Finally, GHP Investment Advisors Inc. raised its position in shares of The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 168 shares during the period. 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.