Insider Selling: Hanover Insurance Group Inc (THG) SVP Sells 1,547 Shares of Stock
Hanover Insurance Group Inc (NYSE:THG) SVP Warren E. Barnes sold 1,547 shares of Hanover Insurance Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Hanover Insurance Group Inc (THG) opened at $107.87 on Friday. The firm has a market capitalization of $4,584.04, a P/E ratio of 24.85 and a beta of 1.12. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. Hanover Insurance Group Inc has a twelve month low of $79.23 and a twelve month high of $116.32.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.15. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.46) earnings per share. sell-side analysts forecast that Hanover Insurance Group Inc will post 8.55 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new stake in Hanover Insurance Group during the third quarter worth approximately $56,542,000. CNA Financial Corp bought a new stake in Hanover Insurance Group during the third quarter worth approximately $791,000. State of Tennessee Treasury Department bought a new stake in Hanover Insurance Group during the third quarter worth approximately $1,939,000. Magnetar Financial LLC bought a new stake in Hanover Insurance Group during the third quarter worth approximately $1,199,000. Finally, California Public Employees Retirement System raised its holdings in Hanover Insurance Group by 6.7% during the third quarter. California Public Employees Retirement System now owns 130,564 shares of the insurance provider’s stock worth $12,656,000 after purchasing an additional 8,154 shares in the last quarter. 82.89% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th.
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About Hanover Insurance Group
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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