Jane Carlin Sells 1,200 Shares of The Hanover Insurance Group (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) Director Jane Carlin sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $180.91, for a total value of $217,092.00. Following the completion of the transaction, the director directly owned 2,423 shares in the company, valued at $438,344.93. The trade was a 33.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The Hanover Insurance Group Stock Performance

Shares of NYSE:THG traded up $1.05 during midday trading on Monday, hitting $181.68. The company’s stock had a trading volume of 308,816 shares, compared to its average volume of 373,990. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s 50 day simple moving average is $175.74 and its 200 day simple moving average is $177.19. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 10.00 and a beta of 0.31. The Hanover Insurance Group, Inc. has a fifty-two week low of $147.76 and a fifty-two week high of $188.18.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The firm had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. As a group, research analysts anticipate that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 20.91%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on THG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada began coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They set a “sector perform” rating and a $200.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $200.60.

Hedge Funds Weigh In On The Hanover Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in THG. Crossmark Global Holdings Inc. increased its holdings in The Hanover Insurance Group by 3.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 1,880 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 64 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of The Hanover Insurance Group by 3.4% during the fourth quarter. Ballentine Partners LLC now owns 2,026 shares of the insurance provider’s stock worth $370,000 after purchasing an additional 66 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of The Hanover Insurance Group by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 12,020 shares of the insurance provider’s stock worth $2,183,000 after purchasing an additional 66 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in The Hanover Insurance Group by 5.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,294 shares of the insurance provider’s stock valued at $234,000 after purchasing an additional 68 shares during the period. Finally, Fifth Third Bancorp increased its holdings in The Hanover Insurance Group by 4.7% in the fourth quarter. Fifth Third Bancorp now owns 1,610 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 72 shares during the period. Institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.