Hanover Insurance Group Inc (NYSE:THG) was the target of a significant drop in short interest in the month of November. As of November 29th, there was short interest totalling 599,300 shares, a drop of 8.9% from the November 14th total of 657,500 shares. Based on an average daily volume of 257,000 shares, the short-interest ratio is currently 2.3 days. Currently, 1.5% of the shares of the company are sold short.

THG stock traded down $0.11 during mid-day trading on Friday, hitting $136.01. 201,395 shares of the company were exchanged, compared to its average volume of 206,173. The business has a 50 day simple moving average of $133.76 and a 200-day simple moving average of $131.32. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $5.45 billion, a PE ratio of 20.03 and a beta of 0.54. Hanover Insurance Group has a 1-year low of $104.59 and a 1-year high of $140.00.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.22. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Hanover Insurance Group had a net margin of 9.27% and a return on equity of 10.62%. During the same period last year, the business posted $2.33 earnings per share. Equities research analysts expect that Hanover Insurance Group will post 8.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.41. This represents a $2.60 annualized dividend and a yield of 1.91%. Hanover Insurance Group’s dividend payout ratio (DPR) is 35.35%.

Several equities research analysts have issued reports on THG shares. ValuEngine upgraded shares of Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a research report on Wednesday, October 16th.

In related news, EVP Bryan J. Salvatore sold 688 shares of Hanover Insurance Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $130.39, for a total transaction of $89,708.32. Following the completion of the transaction, the executive vice president now owns 6,776 shares in the company, valued at $883,522.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of THG. Whittier Trust Co. acquired a new position in Hanover Insurance Group during the third quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Hanover Insurance Group in the second quarter worth $25,000. HM Payson & Co. bought a new stake in shares of Hanover Insurance Group in the second quarter worth $26,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Hanover Insurance Group in the second quarter worth $39,000. Finally, Signaturefd LLC grew its stake in shares of Hanover Insurance Group by 55.2% in the second quarter. Signaturefd LLC now owns 346 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 84.63% of the company’s stock.

Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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