The Hanover Insurance Group (NYSE:THG) EVP Sells $200,112.66 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Denise Lowsley sold 1,062 shares of The Hanover Insurance Group stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $188.43, for a total value of $200,112.66. Following the completion of the transaction, the executive vice president directly owned 3,883 shares of the company’s stock, valued at $731,673.69. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $0.70 during trading on Monday, reaching $189.84. The company’s stock had a trading volume of 264,823 shares, compared to its average volume of 332,345. The stock has a 50-day moving average price of $177.00 and a two-hundred day moving average price of $177.30. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. The Hanover Insurance Group, Inc. has a one year low of $160.70 and a one year high of $191.66. The stock has a market capitalization of $6.64 billion, a P/E ratio of 9.55 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.14 by $1.11. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.87 EPS. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 18.45 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. The Hanover Insurance Group’s payout ratio is currently 19.12%.

Hedge Funds Weigh In On The Hanover Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of THG. JPL Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $26,000. Community Bank N.A. acquired a new position in shares of The Hanover Insurance Group in the 3rd quarter valued at approximately $27,000. McMillan Office Inc. acquired a new position in shares of The Hanover Insurance Group in the 4th quarter valued at approximately $31,000. Entrust Financial LLC acquired a new position in shares of The Hanover Insurance Group in the 4th quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC grew its position in shares of The Hanover Insurance Group by 300.0% in the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 150 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on THG shares. Royal Bank Of Canada boosted their price objective on The Hanover Insurance Group from $190.00 to $195.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, April 30th. Zacks Research raised The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Piper Sandler boosted their price objective on The Hanover Insurance Group from $204.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $208.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $203.60.

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.