Denise Lowsley Sells 1,062 Shares of The Hanover Insurance Group (NYSE:THG) Stock

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Denise Lowsley sold 1,062 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $188.43, for a total transaction of $200,112.66. Following the completion of the transaction, the executive vice president directly owned 3,883 shares in the company, valued at $731,673.69. The trade was a 21.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $189.65 on Wednesday. The company’s fifty day moving average price is $177.65 and its 200-day moving average price is $177.63. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 9.54 and a beta of 0.31. The Hanover Insurance Group, Inc. has a one year low of $160.70 and a one year high of $191.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.37 and a quick ratio of 0.37.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $1.11. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.87 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 18.45 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.80 annualized dividend and a dividend yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 19.12%.

Analyst Upgrades and Downgrades

Several research firms recently commented on THG. Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $208.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of The Hanover Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Citizens Jmp increased their target price on shares of The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a report on Thursday, April 30th. Morgan Stanley set a $195.00 target price on shares of The Hanover Insurance Group in a report on Friday, May 1st. Finally, Wall Street Zen lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $203.60.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in The Hanover Insurance Group by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 970,177 shares of the insurance provider’s stock worth $168,179,000 after acquiring an additional 136,998 shares during the last quarter. Precision Wealth Strategies LLC grew its holdings in The Hanover Insurance Group by 64.1% in the 1st quarter. Precision Wealth Strategies LLC now owns 4,711 shares of the insurance provider’s stock worth $817,000 after acquiring an additional 1,840 shares during the last quarter. Kera Capital Partners Inc. grew its holdings in The Hanover Insurance Group by 69.5% in the 1st quarter. Kera Capital Partners Inc. now owns 2,558 shares of the insurance provider’s stock worth $443,000 after acquiring an additional 1,049 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in The Hanover Insurance Group in the 1st quarter worth $222,000. Finally, Angeles Wealth Management LLC bought a new stake in The Hanover Insurance Group in the 1st quarter worth $250,000. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.