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 Hanover Insurance Group stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $150.11, for a total value of $180,132.00. Following the sale, the executive vice president now owns 85,983 shares in the company, valued at $12,906,908.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

The Hanover Insurance Group Price Performance

Shares of THG opened at $149.02 on Friday. The Hanover Insurance Group, Inc. has a fifty-two week low of $108.03 and a fifty-two week high of $150.95. 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 company has a market capitalization of $5.36 billion, a P/E ratio of 33.41 and a beta of 0.70. The business’s 50-day moving average is $138.07 and its two-hundred day moving average is $132.49.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted ($1.91) EPS. Research analysts predict that The Hanover Insurance Group, Inc. will post 10.85 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.28%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

Wall Street Analysts Forecast Growth

THG has been the subject of several recent research reports. JMP Securities lifted their price target on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Bank of America cut their price target on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Piper Sandler increased their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $157.80.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of THG. O Shaughnessy Asset Management LLC raised its holdings in shares of The Hanover Insurance Group by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock valued at $303,000 after buying an additional 97 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of The Hanover Insurance Group by 8.7% in the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 107 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of The Hanover Insurance Group by 1.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after buying an additional 109 shares during the period. Blue Trust Inc. raised its stake in The Hanover Insurance Group by 20.7% during the second quarter. Blue Trust Inc. now owns 753 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 129 shares during the period. Finally, Pullen Investment Management LLC raised its stake in The Hanover Insurance Group by 3.1% during the second quarter. Pullen Investment Management LLC now owns 4,434 shares of the insurance provider’s stock worth $556,000 after purchasing an additional 134 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

About The Hanover Insurance Group

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.