The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) CEO John Roche sold 5,251 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $198.06, for a total transaction of $1,040,013.06. Following the sale, the chief executive officer directly owned 141,011 shares in the company, valued at $27,928,638.66. The trade was a 3.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
The Hanover Insurance Group Stock Down 1.8%
NYSE:THG traded down $3.59 during mid-day trading on Tuesday, hitting $193.95. 259,593 shares of the company’s stock were exchanged, compared to its average volume of 329,501. The Hanover Insurance Group, Inc. has a one year low of $160.70 and a one year high of $199.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.37 and a quick ratio of 0.37. The business has a fifty day moving average price of $178.73 and a 200 day moving average price of $178.20. The company has a market cap of $6.79 billion, a PE ratio of 9.76 and a beta of 0.31.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last posted 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 Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $3.87 earnings per share. The Hanover Insurance Group’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that The Hanover Insurance Group, Inc. will post 18.45 EPS for the current year.
The Hanover Insurance Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors 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 annualized dividend and a yield of 2.0%. The Hanover Insurance Group’s payout ratio is presently 19.12%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in THG. JPL Wealth Management LLC bought a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $26,000. Community Bank N.A. bought a new position in shares of The Hanover Insurance Group in the third quarter worth approximately $27,000. McMillan Office Inc. bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth approximately $31,000. Entrust Financial LLC bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth approximately $33,000. Finally, Clearstead Advisors LLC lifted its stake in shares of The Hanover Insurance Group by 300.0% in the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after buying an additional 150 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on THG shares. Royal Bank Of Canada boosted their price objective on shares of The Hanover Insurance Group from $190.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of The Hanover Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, May 8th. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, April 30th. BMO Capital Markets downgraded shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $194.00 to $203.00 in a research note on Tuesday. Finally, Piper Sandler upped their target price on shares of The Hanover Insurance Group from $204.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.50.
Get Our Latest Research Report on THG
About The Hanover Insurance Group
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.
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