The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) EVP Willard T. Lee sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the transaction, the executive vice president now owns 4,398 shares in the company, valued at approximately $597,864.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
The Hanover Insurance Group Stock Up 0.1 %
THG stock opened at $135.31 on Thursday. The company’s 50 day moving average is $130.78 and its 200 day moving average is $126.82. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 30.34 and a beta of 0.67. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group, Inc. has a 1-year low of $103.82 and a 1-year high of $138.00.
The Hanover Insurance Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.51%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on THG
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Riverview Trust Co bought a new stake in The Hanover Insurance Group in the 1st quarter worth approximately $31,000. Quarry LP purchased a new stake in The Hanover Insurance Group in the fourth quarter worth approximately $34,000. Baystate Wealth Management LLC boosted its stake in shares of The Hanover Insurance Group by 4,400.0% in the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 352 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of The Hanover Insurance Group during the 4th quarter valued at $65,000. Institutional investors 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.
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