The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche Sells 301 Shares of Stock

The Hanover Insurance Group, Inc. (NYSE:THG) CEO John C. Roche sold 301 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the transaction, the chief executive officer now owns 124,414 shares of the company’s stock, valued at $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The Hanover Insurance Group Price Performance

Shares of THG opened at $175.27 on Wednesday. The company has a market cap of $6.30 billion, a P/E ratio of 14.99 and a beta of 0.65. The Hanover Insurance Group, Inc. has a fifty-two week low of $119.66 and a fifty-two week high of $176.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average price is $164.17 and its 200 day moving average price is $157.66.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 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%. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Morgan Stanley increased their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th. BMO Capital Markets increased their price objective 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. Finally, Piper Sandler boosted their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $179.00.

Hedge Funds Weigh In On The Hanover Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in The Hanover Insurance Group in the fourth quarter valued at approximately $67,928,000. Franklin Resources Inc. increased its position in shares of The Hanover Insurance Group by 28.6% in the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock valued at $188,363,000 after purchasing an additional 270,491 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at $21,797,000. American Century Companies Inc. lifted its position in shares of The Hanover Insurance Group by 15.7% during the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock worth $148,297,000 after purchasing an additional 130,054 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of The Hanover Insurance Group by 75.7% during the fourth quarter. AQR Capital Management LLC now owns 287,356 shares of the insurance provider’s stock worth $44,443,000 after purchasing an additional 123,793 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

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.