The Hanover Insurance Group, Inc. (NYSE:THG) insider John C. Roche sold 17,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at approximately $4,082,304. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Hanover Insurance Group, Inc. (NYSE THG) opened at 98.52 on Wednesday. The firm’s 50 day moving average price is $89.75 and its 200-day moving average price is $87.76. The Hanover Insurance Group, Inc. has a 12-month low of $74.06 and a 12-month high of $98.59. The company has a market capitalization of $4.19 billion, a PE ratio of 21.16 and a beta of 1.14.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.14. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post $6.11 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of THG. Oregon Public Employees Retirement Fund boosted its position in The Hanover Insurance Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,944 shares of the insurance provider’s stock valued at $1,346,000 after buying an additional 200 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its position in The Hanover Insurance Group by 28.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 56,000 shares of the insurance provider’s stock valued at $5,043,000 after buying an additional 12,362 shares during the period. First Quadrant L P CA boosted its position in The Hanover Insurance Group by 38.4% in the first quarter. First Quadrant L P CA now owns 258,164 shares of the insurance provider’s stock valued at $23,250,000 after buying an additional 71,607 shares during the period. Glen Harbor Capital Management LLC boosted its position in The Hanover Insurance Group by 155.8% in the first quarter. Glen Harbor Capital Management LLC now owns 9,248 shares of the insurance provider’s stock valued at $833,000 after buying an additional 5,632 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in The Hanover Insurance Group during the first quarter valued at about $321,000. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on THG. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price target on the stock in a report on Wednesday, May 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $93.00.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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