The Hanover Insurance Group (NYSE:THG) Director Sells $640,900.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) Director Cynthia Egan sold 3,400 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $188.50, for a total transaction of $640,900.00. Following the sale, the director owned 9,359 shares in the company, valued at $1,764,171.50. The trade was a 26.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $186.64 on Thursday. The Hanover Insurance Group, Inc. has a 52 week low of $160.70 and a 52 week high of $191.66. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $176.75 and its 200 day simple moving average is $177.20. The firm has a market capitalization of $6.53 billion, a PE ratio of 9.39 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.14 by $1.11. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.87 EPS. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post 18.02 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio is currently 19.12%.

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at approximately $26,000. Community Bank N.A. purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at approximately $27,000. McMillan Office Inc. bought a new position in The Hanover Insurance Group during the fourth quarter worth $31,000. Entrust Financial LLC bought a new position in The Hanover Insurance Group during the fourth quarter worth $33,000. Finally, Clearstead Advisors LLC lifted its stake in The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Wall Street Analyst Weigh In

THG has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $204.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada upped their price objective on shares of The Hanover Insurance Group from $190.00 to $195.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, The Hanover Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $203.00.

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.