The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber Sells 5,886 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Jeffrey M. Farber sold 5,886 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $160.05, for a total value of $942,054.30. Following the transaction, the executive vice president now owns 60,205 shares in the company, valued at $9,635,810.25. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

The Hanover Insurance Group Stock Down 0.3 %

THG opened at $162.13 on Friday. The company has a fifty day moving average of $150.14 and a two-hundred day moving average of $138.18. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 16.08 and a beta of 0.70. The Hanover Insurance Group, Inc. has a fifty-two week low of $115.69 and a fifty-two week high of $164.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, research analysts expect that The Hanover Insurance Group, Inc. will post 11.29 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.85 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.10%. The Hanover Insurance Group’s payout ratio is currently 33.73%.

Analysts Set New Price Targets

Several equities analysts have recently commented on THG shares. Oppenheimer raised their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods boosted their price target on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Piper Sandler increased their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Bank of America boosted their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, JMP Securities increased their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $173.40.

Institutional Investors Weigh In On The Hanover Insurance Group

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in The Hanover Insurance Group by 65.9% during the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock worth $1,624,000 after buying an additional 4,738 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of The Hanover Insurance Group by 9.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,727 shares of the insurance provider’s stock valued at $507,000 after acquiring an additional 316 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of The Hanover Insurance Group by 124.7% in the first quarter. SG Americas Securities LLC now owns 3,642 shares of the insurance provider’s stock valued at $496,000 after purchasing an additional 2,021 shares during the period. Sei Investments Co. increased its position in The Hanover Insurance Group by 2.7% during the first quarter. Sei Investments Co. now owns 138,338 shares of the insurance provider’s stock worth $18,837,000 after purchasing an additional 3,689 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in The Hanover Insurance Group by 5.3% during the first quarter. Russell Investments Group Ltd. now owns 157,485 shares of the insurance provider’s stock worth $21,444,000 after purchasing an additional 7,976 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

About The Hanover Insurance Group

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.