The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 300 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 300 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the completion of the sale, the executive vice president now directly owns 89,733 shares in the company, valued at $13,459,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Hanover Insurance Group Stock Performance

Shares of THG stock opened at $149.02 on Friday. The company has a market capitalization of $5.36 billion, a P/E ratio of 33.41 and a beta of 0.70. The Hanover Insurance Group, Inc. has a 12-month low of $108.03 and a 12-month high of $150.95. The business’s 50 day moving average is $138.07 and its two-hundred day moving average is $132.49. 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 Hanover Insurance Group (NYSE:THG) last announced its earnings results 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.91) EPS. Analysts expect that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced 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 2.28%. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Analyst Ratings Changes

A number of analysts have recently commented on THG shares. Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Piper Sandler upped their price objective 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. JMP Securities raised their price objective 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. Finally, Bank of America decreased their target price on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $157.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of THG. Vanguard Group Inc. increased its stake in The Hanover Insurance Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider’s stock worth $439,998,000 after buying an additional 13,030 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of The Hanover Insurance Group by 5.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock worth $168,247,000 after acquiring an additional 70,161 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of The Hanover Insurance Group by 1.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider’s stock worth $137,377,000 after acquiring an additional 16,040 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of The Hanover Insurance Group by 75.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after purchasing an additional 414,993 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in The Hanover Insurance Group by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock valued at $100,607,000 after purchasing an additional 33,249 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.