Insider Selling: The Hanover Insurance Group, Inc. (NYSE:THG) CEO Sells $35,002.00 in Stock

The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche sold 200 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the completion of the transaction, the chief executive officer now directly owns 124,278 shares of the company’s stock, valued at approximately $21,749,892.78. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $172.55 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group, Inc. has a 1-year low of $119.66 and a 1-year high of $176.00. The firm has a market capitalization of $6.20 billion, a P/E ratio of 14.76 and a beta of 0.65. The business’s 50-day simple moving average is $163.46 and its 200-day simple moving average is $157.26.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Equities analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 30.80%.

Institutional Investors Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of The Hanover Insurance Group during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in The Hanover Insurance Group during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after buying an additional 102 shares during the period. Venturi Wealth Management LLC boosted its position in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its stake in shares of The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on THG. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets raised their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Finally, Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $175.25.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.