The Hanover Insurance Group (NYSE:THG) CEO John Roche Sells 14,422 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) CEO John Roche sold 14,422 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $249.39, for a total value of $3,596,702.58. Following the completion of the transaction, the chief executive officer owned 151,224 shares in the company, valued at $37,713,753.36. This represents a 8.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Hanover Insurance Group Trading Up 0.1%

The Hanover Insurance Group stock traded up $0.31 during mid-day trading on Friday, hitting $248.30. The company’s stock had a trading volume of 155,599 shares, compared to its average volume of 309,720. The firm has a market capitalization of $8.53 billion, a PE ratio of 11.87 and a beta of 0.24. The Hanover Insurance Group, Inc. has a 1 year low of $166.54 and a 1 year high of $256.74. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $230.54 and its two-hundred day moving average is $203.92.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 28th. The insurance provider reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.53. The Hanover Insurance Group had a return on equity of 21.63% and a net margin of 10.97%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $5.09 earnings per share. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 20.80 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, September 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.5%. The Hanover Insurance Group’s dividend payout ratio is currently 18.17%.

Hedge Funds Weigh In On The Hanover Insurance Group

Several hedge funds have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 19.1% in the first quarter. Basecamp Wealth Advisors LLC now owns 343 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 55 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of The Hanover Insurance Group by 0.8% during the third quarter. Quadrant Capital Group LLC now owns 6,841 shares of the insurance provider’s stock worth $1,522,000 after purchasing an additional 56 shares during the period. Allworth Financial LP lifted its holdings in shares of The Hanover Insurance Group by 3.3% during the third quarter. Allworth Financial LP now owns 1,803 shares of the insurance provider’s stock worth $386,000 after purchasing an additional 57 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 5.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the insurance provider’s stock worth $195,000 after purchasing an additional 59 shares during the period. Finally, Versant Capital Management Inc grew its position in The Hanover Insurance Group by 7.1% in the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the insurance provider’s stock valued at $197,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Upgrades and Downgrades

THG has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their target price on shares of The Hanover Insurance Group from $235.00 to $245.00 and gave the company a “sector perform” rating in a research report on Friday, October 30th. Citizens Jmp lifted their price target on shares of The Hanover Insurance Group from $240.00 to $250.00 and gave the company a “market outperform” rating in a research report on Thursday, October 29th. Citigroup reissued a “market outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, October 29th. Jefferies Financial Group set a $248.00 price objective on shares of The Hanover Insurance Group in a report on Friday, November 6th. Finally, Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $230.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $236.62.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc. is a property and casualty insurer founded in 1852 as the Hanover Fire Insurance Company. Headquartered in Worcester, Massachusetts, it provides insurance products and services primarily in the United States. The company offers personal insurance, including coverage for homes and automobiles, as well as commercial insurance for businesses. Its commercial offerings include coverage for small and midsize businesses and specialty risks. The Hanover distributes its products mainly through independent insurance agents and brokers, working with them to serve individuals, families, and businesses.