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.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.16 annualized dividend and a yield of 2.00%. Hanover Insurance Group’s payout ratio is 49.77%.

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).

Insider Buying and Selling by Quarter for Hanover Insurance Group (NYSE:THG)

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