The Hanover Insurance Group (NYSE:THG) Director Sells $195,370.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) Director Francisco Aristeguieta sold 1,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $195.37, for a total value of $195,370.00. Following the completion of the sale, the director owned 4,053 shares of the company’s stock, valued at approximately $791,834.61. This trade represents a 19.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

The Hanover Insurance Group Price Performance

THG stock opened at $187.48 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.37. The Hanover Insurance Group, Inc. has a 1 year low of $160.70 and a 1 year high of $199.59. The firm has a market cap of $6.56 billion, a P/E ratio of 9.44 and a beta of 0.31. The stock has a 50-day simple moving average of $181.81 and a 200-day simple moving average of $179.34.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm earned $3.87 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 18.36 earnings per share for the current fiscal year.

The Hanover Insurance Group announced that its board has initiated a share repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 10.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in The Hanover Insurance Group by 61.0% during the 1st quarter. Millennium Management LLC now owns 88,367 shares of the insurance provider’s stock worth $15,371,000 after buying an additional 33,495 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in The Hanover Insurance Group by 1,568.9% during the 1st quarter. NewEdge Advisors LLC now owns 751 shares of the insurance provider’s stock worth $131,000 after buying an additional 706 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in The Hanover Insurance Group by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 218,753 shares of the insurance provider’s stock worth $38,052,000 after buying an additional 38,905 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in The Hanover Insurance Group by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 129,031 shares of the insurance provider’s stock worth $22,445,000 after buying an additional 7,712 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in The Hanover Insurance Group by 7.7% during the 2nd quarter. Invesco Ltd. now owns 283,484 shares of the insurance provider’s stock worth $48,155,000 after buying an additional 20,294 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on THG shares. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $208.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Citizens Jmp increased their target price on The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded The Hanover Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 22nd. Zacks Research upgraded The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.00.

The Hanover Insurance Group Company Profile

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.