The Hanover Insurance Group, Inc. (NYSE:THG) insider Christine Bilotti-Peterson sold 2,570 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the sale, the insider now owns 1,760 shares in the company, valued at $173,500.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) traded up 0.07% during mid-day trading on Monday, reaching $98.98. 218,650 shares of the company’s stock traded hands. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 21.41 and a beta of 1.14. The company has a 50 day moving average of $94.98 and a 200 day moving average of $89.47.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio is currently 43.29%.

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Several analysts have commented on THG shares. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The Hanover Insurance Group currently has a consensus rating of “Buy” and a consensus target price of $93.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in THG. Tyers Asset Management LLC raised its position in shares of The Hanover Insurance Group by 155.8% in the first quarter. Tyers Asset Management LLC now owns 12,716 shares of the insurance provider’s stock valued at $1,145,000 after buying an additional 7,744 shares in the last quarter. Grimes & Company Inc. raised its position in shares of The Hanover Insurance Group by 2.2% in the first quarter. Grimes & Company Inc. now owns 49,714 shares of the insurance provider’s stock valued at $4,477,000 after buying an additional 1,075 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of The Hanover Insurance Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,250 shares of the insurance provider’s stock valued at $1,554,000 after buying an additional 100 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of The Hanover Insurance Group by 4.0% in the first quarter. Great West Life Assurance Co. Can now owns 25,583 shares of the insurance provider’s stock valued at $2,302,000 after buying an additional 990 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of The Hanover Insurance Group by 6.4% in the first quarter. Wells Fargo & Company MN now owns 17,841 shares of the insurance provider’s stock valued at $1,607,000 after buying an additional 1,073 shares in the last quarter. 84.44% of the stock is owned by institutional investors.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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